Neighborhood Allies and the City of Pittsburgh Receive $250k Grant from Our Newest Funder, Cities for Financial Empowerment FundLeave a Comment
A $250,000 grant from Cities for Financial Empowerment Fund (CFE Fund) matches local funding to support the recently launched Financial Empowerment Center (FEC). The FEC, which opened for business this spring provides free, one-on-one financial counseling to local Pittsburgh residents.
Neighborhood Allies and the City of Pittsburgh have worked with CFE Fund since the fall of 2017 to bring the national Financial Empowerment Center (FEC) model to Pittsburgh. Today, we’re happy to announce that local grants from BNY Mellon Foundation of Southwestern Pennsylvania, Hillman Foundation and PNC Bank totaling $280,000, have been matched by a $250,000 implementation grant from CFE Fund!
“Together with our partners at Neighborhood Allies, I’m very proud to let every Pittsburgher know about this excellent resource that will help individuals and families of all ages and incomes reduce debt, increase credit scores, and get the most out of their financial life!”
-Mayor William Peduto
At the Pittsburgh FEC, professionally trained financial counselors help individuals and families manage their finances, pay down debt, increase savings, establish and build credit, and access safe and affordable mainstream banking products. At the core of the FEC model is the integration of counseling into other social services, such as affordable housing, workforce development, benefits access, and more.
To get us to this point, a selection committee comprised of local leaders from Allegheny County Department of Human Services, the University of Pittsburgh and United Way selected Advantage Credit Counseling Services as the nonprofit partner to hire, train and deploy the counselors and program manager. The four counselors have regular hours at ten social service agencies and make appointments or take walk-in clients.
“Everyone can benefit from the support of a financial counselor to help them realize their goals. Whether you want to buy a house or a car, or send your children to college, you can get help with your credit, debt, banking and savings,” said Sarah Dieleman Perry, Director of Economic Opportunity at Neighborhood Allies. “Our goal is that all will have access to these resources.”
The counselors see clients at locations downtown, in Homewood, McKees Rocks, Northside, Oakland, South Side and West End. For a complete listing, please see www.pittsburghpa.gov/mayor/FEC.
“Mayor Peduto and Neighborhood Allies are part of a growing national movement to bring free, high-quality financial counseling as a public service to residents in cities and counties across the country,” said Jonathan Mintz, President and CEO of the Cities for Financial Empowerment Fund. “Local leaders know first-hand the connection between family financial stability and community financial stability, and we are proud to partner with Pittsburgh on this critical work.”
For more information and to make an appointment, please see www.pittsburghpa.gov/mayor/FEC, call 1-800-298-0237 or email email@example.com.