Economic Mobility
Families Are Financially Secure & Achieve Their Financial Goals
Economic Mobility Core Programs
- Financial Coaching
- Benefits Assessments and Enrollment
- Budget Support
- Representative Payee Coordination
- HUD Family Self-Sufficiency (FSS) Program Enrollment
- Credit Counseling
- Homeownership Education and Grants Coordination
- Volunteer Income Tax Assistance (VITA)
- Banking Navigation and Support
Economic Mobility Indicators
Percentage of households who can meet daily unexpected expenses
Percentage of families confident in achieving financial goals
Economic Mobility Case Study Brief: Collaborative HUD Family Self-Sufficiency (FSS) Program
In partnership with Compass Working Capital, Urban Edge, Madison Park Development Corporation, Lena Park Development Corporation, Dorchester Bay Economic Development Corporation and Codman Square Neighborhood Development Corporation, Connected Communities and WinnResidential launched the nation’s first collaborative HUD multi-family FSS program in 2019 across our Boston portfolio. We’ve been expanding every since. The program creates a powerful tool that allows residents to save increases in their rent based on increased income. To date, over 530 participants have enrolled in the program across forty five communities, regularly participating in credit building workshops, 1-1 financial coaching, and savings planning sessions to support their economic growth. Collectively participants have saved over $2 M in escrow saving accounts towards their financial goals of homeownership, building emergency savings, saving for education for themselves and/or their children, retirement planning, and owning their own business.
Key Economic Mobility Partners
- Compass Working Capital
- Credit Builders Alliance
Action For Boston Community Development
Public Housing Authorities
United Federal Credit Union
Northampton County Senior Center
Second Harvest Food Bank
See Other Programs
Community Engagement
Education
Employment
Health & Wellness
