TLDR:
- Allegheny County in Pittsburgh has entered into a new financial empowerment program.
- The program aims to provide residents with the tools they need to improve their financial well-being.
Allegheny County in Pittsburgh has partnered with Neighborhood Allies, a nonprofit community development organization, to launch a new financial empowerment program. The program, called Financial Empowerment Centers, aims to provide residents with the tools they need to improve their financial well-being. The program is set to launch in early 2022 and will offer free one-on-one financial counseling and coaching services to county residents.
The Financial Empowerment Centers program will be staffed by professional financial counselors who will work with residents to address their specific financial needs and goals. This could include creating a budget, managing debt, improving credit scores, and developing a savings plan. The goal of the program is to help residents become more financially stable and achieve their long-term financial goals.
According to a press release from Allegheny County, the program will focus on serving low-income individuals and families, as well as historically marginalized communities. These communities often face barriers to accessing traditional financial services and may benefit from the one-on-one support provided by the Financial Empowerment Centers.
Allegheny County is funding the program with a $200,000 grant from the federal Community Development Block Grant program. The grant will cover the cost of staff, training, and program materials for the first year of operation. Neighborhood Allies will provide additional support in the form of technical assistance and program development.
The Financial Empowerment Centers program is part of a larger effort by Allegheny County to address financial insecurity and promote economic mobility. The county has already implemented a number of initiatives to support residents in achieving greater financial stability, including financial education programs and access to affordable housing.
This new program will provide a valuable resource for residents who are facing financial challenges and may not know where to turn for help. By offering free, personalized financial counseling and coaching, the Financial Empowerment Centers program has the potential to make a significant impact on the lives of Allegheny County residents.
