CED Working to Bridge the Financial Divide

Date: 
October 8, 2013

 

The Coalition’s Community and Economic Development (CED) Department has a lot to celebrate! The CED Department has been working hard to build bridges between low-and moderate-income people in order to improve their economic lives, build their assets and improve their communities. CED recently released their Annual Report for FY 2013 which explained the various CED Programs, recent accomplishments, and the goals for the next fiscal year.

CED’s Annual Report for FY 2013

Some of the major accomplishments include organizing the Housing Counseling Roundtable Initiative to increase support for the local housing counseling industry, organizing 150 financial education workshops for 1,353 participants, organizing four Financial Advancement Network (FAN) Clubs with 21 graduates in addition to creating six more clubs in the Germantown area of Philadelphia in partnership with Citizens Bank. CED also coordinated the PHIL- Plus and Mini-PHIL Home Improvement Loan Program with 18 closed loans for $276,903.

Housing Counseling Initiative

CED recently collaborated with the NeighborWorks Training Institute for a luncheon “Building Collaborative Support for High Impact Counseling Services” hosted by Citi Community Development. The event drew close to 90 participants and discussed the value of collaboration and partnerships to support housing counseling.

CED Committee Quarterly Meeting

The Honorable Judge Annette Rizzo spoke at CED’s committee quarterly meeting on Wednesday, October 9, 2013. Judge Rizzo gave information on the financial education program that is part of the Diversion Court and the opportunity it presents for bank support and community involvement.