PNC Grants $50,000 to Economic Opportunity Work | Neighborhood Allies Continues Bold, Multi-dimensional Approaches to Break the Cycle of PovertyLeave a Comment
Thank you to PNC for awarding Neighborhood Allies a $50,000 grant toward our continued Economic Opportunity work. The grant will help to fund the Financial Opportunity Centers, Financial Empowerment Center, the Accredited Financial Counseling Cohort, and the Asset Building Network.
The PNC Foundation recently awarded a $50,000 grant to support Neighborhood Allies’ Economic Opportunity program, which is focused on improving the lives of low-income residents, as well as our Asset Building Network, which helps struggling families in Pittsburgh by connecting them to the information, resources, tools and personalized assistance that will enable them to realize their dreams.
“Thanks to financial partners like PNC, we are able to sustain and grow our model of individualized, free support offered in trusted and accessible places by certified professionals. Our integrated Economic Opportunity For All initiative is unique and effective in assisting low-to-moderate-income Pittsburghers to build wealth.”
– Sarah Dieleman Perry, Director of Economic Opportunity
With this support, and through our Asset Building Network (ABN), we will provide opportunities to families to stabilize their finances and acquire the assets needed to become financially secure:
- Financial Opportunity Centers (FOCs) with our national partner, LISC, bundle three core services together – employment services, access to benefits and financial coaching – to improve the financial bottom line for low- to moderate-income individuals. Staff teams work with clients to boost earnings, reduce expenses and build credit.
- Financial Empowerment Centers (FECs) with the Mayor’s Office of the City of Pittsburgh, offers professional, one-on-one financial counseling at social service agencies to enable residents to address their financial challenges and needs and plan for their futures.
- The Financial Counseling Cohort was created to meet the growing demand for trained and experienced financial counselors. 15 social service professionals build their skills through the Accredited Financial Counselor™ program and meet monthly for additional peer supports.
Our work would not be possible without the tremendous support of funders like the PNC Foundation. Thank you for your continued commitment and support of our mission to support the people, organizations and partnerships committed to creating and maintaining healthy neighborhoods!