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File #: 15-14103    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 9/2/2020 In control: City Council Business Meeting
On agenda: 9/14/2020 Final action:
Title: Grant for Financial Navigators Program
Attachments: 1. CFE Budget Ordinance

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