CommunityEmpowermentFund
Consumer Financial Services, Asset-Building & Savings, Financial Capability & Education
Published Article – Peer Reviewed | July 16, 2014

The Community Empowerment Fund: A Matched Saving Model as an Innovative Approach to Housing the Homeless

Alexandra Biggers, Maggie West, Allison De Marco, Jessica Dorrance, Kim Manturuk

Researchers examine an innovative new program’s ability to help people experiencing homelessness attain and retain permanent housing through asset building and access to financial services.

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Abstract

Prevention efforts, rapid rehousing, and housing-first approaches have been major contributors in addressing homelessness. However, budget cuts may jeopardize these gains.

The objective of this article is to use administrative data to examine an innovative new program’s ability to assist those experiencing homelessness to attain and retain permanent housing through asset building and access to financial services to build a more financially secure future.

Results suggest that this program does foster savings and the attainment of permanent housing. Implications for policy and practice are discussed.

The UNC Center for Community Capital conducts research and policy analysis on ways to make financial services work better for more people and communities.

 

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