Thank you, Hunt Foundation!Leave a Comment
We’d like to take this opportunity to thank our funding partner, the Hunt Foundation, for supporting our local network of Financial Opportunity Centers (FOCs) in 2018!
The FOC model bundles three services together — employment services, financial coaching and access to benefits — that are combined to stabilize stressful circumstances, reinforce healthy habits and provide needed supports. The best way to improve families’ financial bottom line is by helping them to simultaneously boost earnings and reduce expenses. Families can raise income by finding and keeping a job and by participating in income-support programs for which they are eligible. But they also must bring expenses under control by budgeting and improving their credit scores. As they do, the net value of their earnings rises sharply, increasing their incentive to retain a job, which results in economic stability.
In 2018, we anticipate that 1,200 clients will participate in FOCs; 400 will gain employment with a 60% six-month retention rate; 360 will show increases in income; 30 will improve their credit; and 50 will increase their net worth. Click here for more information on our local network of FOCs.
Thank you for your support!