Increasing people’s financial health and credit, net assets, employment skills, and connections to entrepreneurship opportunities and career paths that produce living wages.
A sign of a thriving community is that residents feel confident and hopeful that their lives will improve — their incomes will rise, and their job prospects will widen. Achieving economic stability is a process that builds upon itself, and requires long-term planning and commitment from individuals and families. Economic stability is a combination of adequate income and good financial management behavior. At Neighborhood Allies, we are addressing this need and opportunity by creating programs like our Financial Opportunity Centers, that increases people’s financial health and credit, net assets, employment skills, while connecting them to entrepreneurship opportunities and career paths that produce living wages. We have also launched the Project HOPE Pilot in conjunction with a student team at CMU. Project HOPE will collect data and variables of hope at an individual/resident level, which translates into an algorithm that processes variables into a mathematical equation resulting in a “Hope Score,” and a user interface that can produce graphics and tell us the “story” of the data.