Title
Grant for Financial Navigators Program
Action
Action:
A. Accept a grant in the amount of $80,000 from the Cities for Financial Empowerment Fund, Inc. to implement a Financial Navigators Program in Charlotte, and
B. Adopt a budget ordinance appropriating $80,000 from the Cities for Financial Empowerment Fund, Inc. in the Neighborhood Development Grants Fund.
Body
Staff Resource(s):
Pamela Wideman, Housing and Neighborhood Services
Lacey Williams, Housing and Neighborhood Services
Explanation
§ Housing and Neighborhood Services has been awarded a grant from the Cities for Financial Empowerment Fund, Inc. (CFE) to develop and implement a Financial Navigators Program (Program).
§ The Program will be administered by Common Wealth in partnership with the city and CFE.
§ This Program will provide remote resources to support the financial stability of low- and moderate-income households that have been negatively impacted by COVID-19.
§ This Program complements the city’s existing efforts to support upward economic mobility and financial stability for residents.
§ The total grant award is $80,000 and does not require a local match.
Fiscal Note
Funding: Cities for Financial Empowerment Fund, Inc.
Attachments
Attachment(s)
Budget Ordinance