Goal: Help 100,000 people achieve financial stability and remove barriers to stable and affordable housing.
In our community, approximately 260,000 residents belong to a household that is "unbanked," meaning they are not connected with mainstream banking services and may be using predatory services to make ends meet.
Also, more than 12,000 area residents experience homelessness or are at risk of homelessness at any given time. They face numerous barriers to accessing stable housing.
United Way NCA invests in programs and initiatives that help individuals and families in the national capital area achieve financial stability. We will accomplish the following goals by June 2020.
Financial Empowerment Centers
In the next five years, United Way NCA plans to open several Financial Empowerment Centers in the national capital area. These centers will be one-stop shops that provide services designed to help individuals and families advance on a path toward financial stability. Services may include money management counseling, credit and housing counseling, asset-building resources and access to free or low cost banking products.
The first Financial Empowerment Center opened this fall in Prince George’s County through a partnership with Prince George’s Community College. We will add additional centers over the next five years.
Project Homeless Connect
In October 2015, United Way NCA hosted the first Project Homeless Connect event in the District of Columbia, and provided individuals experiencing homelessness with medical care, employment services and other resources.
Community Impact Notes
We will invest in affordable housing through Community Impact notes through Enterprise Community Partners, Inc. Community Impact notes are socially-responsible investments used to increase stock of affordable homes available in the region.
In collaboration with our community partners and VITA sites, we will provide low-income residents with free tax preparation assistance to help them maximize available credits and receive tax refunds. Through our partnership, last year we helped local families receive a total of $17.7 million in refunds.