Rancho Cucamonga, Calif. – The JP Morgan Chase Foundation has approved a grant of $50,000 to support the Hope through Housing Foundation’s Family Opportunity Centers.
Hope through Housing is rolling out Family Opportunity Centers (FOCs) at various National Community Renaissance properties. The concept is based on the Annie E. Casey Foundation one-stop centers that have proven successful in assisting families increase their income and assets, improve their credit and decrease their debt.
Each family who comes to Hope’s FOCs works with a financial coach to set long-term economic goals such as purchasing a home, creating an emergency savings fund or obtaining an educational certificate or degree. Action steps are created and monitored to help families reach this goal. Families also have access to a myriad of services to eliminate the barriers that keep them from obtaining financial security.
Research shows that participants in programs such as this are three to four times more likely to achieve major economic success than if they had received only one type of service.
“We are extremely grateful for JP Morgan Chase’s support of the Family Opportunity Centers,” said Steve PonTell, President and Chief Executive Officer of National CORE. “This is all about providing residents with the tools they need to move from dependency to self-sufficiency. In the end, everyone benefits – residents and the community at large.”
About National CORE
National Community Renaissance, based in Rancho Cucamonga, Calif., is one of the nation’s largest nonprofit developers of affordable housing. CORE manages nearly 9,000 affordable, senior and market-rate units in California, Arkansas, Texas and Florida. Over the past two decades, its Hope through Housing subsidiary has provided more than 2 million hours in supportive services to enhance quality of life, including preschool, afterschool, senior wellness and upward mobility programs. For more information on National CORE and Hope through Housing, please visit www.nationalcore.org.
Steve Lambert, The 20/20 Network
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