SFHDC’s Financial Empowerment Program Launch – A Tremendous Turnout!

The District 10 Financial Empowerment Program launched Tuesday, June 24, 2014 at the offices of the San Francisco Housing Development Corporation. The event was celebrated with over 80 District 10 residents and included vast support from elected officials and community representatives. The first Financial Empowerment Eligibility Workshops was nearly booked long before the program launch event ended! It was very important for the residents of District 10 to see the good faiths efforts that is the result of the collaboration between different partners, city agencies and community based organizations and that these organizations are committed to ensure the program delivers the expected outcome to District 10 residents and District 10 as a whole.

This mobilization and the willingness of the existing residents to prepare as District 10 moves into the future is very encouraging, exciting and heartwarming!

Here are a few pictures of the Financial Empowerment Program Launch:

D10 FEP Launch - Malia IID10 FEP - Dude TalkingD10 FEPD10 FEP Launch - MaliaD10 FEP Launch - Group I D10 FEP Launch - Family Photo II D10 FEP Launch - Family Photo I D10 FEP - Group D10 FEp Launch - David

District 10 Financial Empowerment Program Luanch

SFHDC_Logo_1.24.06

San Francisco Housing Development Corporation

District 10 Financial Empowerment Program

 

 

What is the District 10 Financial Empowerment Program?

 

The District 10 Financial Empowerment Program (D10 FEP) provides a network of financial services and products specifically designed to support eligible clients in their efforts to achieve their mid- to long-term financial goals and build the financial capability of low- and moderate-income residents of San Francisco’s District 10.

 

Come to the D10 FEP launch event!

San Franciso Housing Develpment Corporation

4439 Third St. San Francisco, 94124

June 24th

5:30pm – 7:30pm

 

Where is District 10?

San Francisco Supervisorial District 10 is in the southeastern section of San Francisco and includes the neighborhoods of Potrero Hill, Central Waterfront, Dogpatch, Bayview/Hunters Point, Little Hollywood, India Basin, Silver Terrace, Visitacion Valley, and Candlestick Point. Although not perfectly aligned, District 10 roughly approximates the boundaries of the 94124, 94134, and 94107 zip codes.

 

What is Financial Empowerment?

Financial empowerment is the ability to have more choices in life through an individual’s increased capability to make sound financial decisions. This transformed financial stability can be achieved through financial education, increased credit scores and savings, reduction in debt, better ability to

manage emergencies, and use of appropriate and fiscally responsible products.

 

 

This program is an innovative response to the growing need for financial education, counseling and coaching in our community.

 

 

Program Highlights

  •  Serves one hundred D10 individuals/families over a two-year period
  •  Addresses the opportunities and obstacles to achieving financial goals including:

o   Homeownership

o   Small Business Development/Expansion

o   Increased Credit Scores

o   Lower Debt

o   Increase Savings (Emergency and Goal Specific)

 

Who is Eligible?

Individuals who…

  • Live in the zip codes of 94124, 94134 and 94107 (District 10) or are interested in returning to District 10
  • Have earned income
  • Have long term goals

 

Next Steps

In the meantime, we welcome you to enroll in any of our upcoming workshops such as Financial Fitness, First Time Homebuyers, Rental Readiness, or Your Credit Matters. You can find more details and register for these workshops at http://www.sfhdc.org/workshops.

 

SFHDC Financial Empowerment Program Introduction “Meet & Greet”

San Francisco Housing Development Corporation along with the Implementation Committee for the Hunters Point Naval Shipyard and Candlestick Point CCBA held its Financial Empowerment Program Introduction as the first step to implementing its Financial Empowerment programs to the residents of District 10. SFHDC also took this opportunity to introduce key staff members of the Financial Empowerment Team to participants of the 2013 listening sessions. We invited the participating Executive Directors and other members of these organizations to see the result of their work and to bring any questions or concerns about the upcoming programs.

It was very encouraging to see representatives from The United Council of Human Services, The Bayview Opera House, Young Community Developers, College Track, The Implementation Committee for the Hunters Point Naval Shipyard and Candlestick Point CCBA, Bayview Hunters Point Multipurpose Senior Services, Tax Aide, The San Francisco Office of Financial Empowerment, San Francisco Organizing Project, The San Francisco Labor Foundation and The San Francisco Foundation. There was a rich and healthy discussion between all parties involved, a variety of topics were touched upon ranging from systematic barriers to housing to personalized financial services.

SFHDC encouraged the representatives of these organizations to reach back into their constituencies and inform residents of District 10 of the programs that are going to be rolling out Mid-June from the Financial Empowerment grant awarded to SFHDC.

For more information about SFHDC and the Financial Empowerment Programs visit sfhdc.org

Implementation Committee Grant $600,00 to San Francisco Housing Development Corporation

SAN FRANCISCO –March 4, 2014 – The San Francisco Foundation and the Core Community Benefits Agreement (CCBA) Implementation Committee announced a grant of up to $610,000 to the San Francisco Housing Development Corporation (SFHDC) to provide asset-building and financial empowerment services to residents of District 10. This new comprehensive effort will improve credit scores, financial literacy, increase savings, and provide more working capital and small loans in D10.

“This is an exciting moment for the community,” said James Head, Vice President of Programs of The San Francisco Foundation. “Community residents identified through a number of listening sessions that financial resiliency and empowerment is the top priority. We’re ensuring that these funds meet that vision and need and will bring the best asset-building services in the Bay Area to District 10.”

The San Francisco Foundation provides technical assistance to the CCBA Implementation Committee and serves as the grantmaker for the CCBA funds, which come from the CCBA reached between San Francisco community groups and Lennar Urban, the managing partner of the group redeveloping Hunters Point Naval Shipyard and Candlestick Point.

“The services SFHDC brings to District 10 preserve a promise made to our residents that they will benefit from the development of the Hunters Point Shipyard and Candlestick Point,” said Jacob Moody, former chairman of the Implementation Committee. “This is the beginning of a process to improve lives in a community that has suffered from much neglect.”

SFHDC has a 25-year history of helping people achieve their financial goals and is the core financial empowerment agency in Southeast San Francisco. The grant will support SFHDC’s Financial Empowerment Center and bring financial services to D10 residents to meet people where they are, support them in identifying financial goals, as well as potential obstacles and opportunities, and offer appropriate strategies, services and products to meet those goals.

”The communities in southeast San Francisco are in dire need of these services and have been for a very long time,” said Supervisor Malia Cohen, who represents District 10 in southeast San Francisco. “This grant will help empower some of the most vulnerable residents and truly improve their everyday lives. I am grateful for the San Francisco Foundation and CCBA’s commitment to serving the southeast and I look forward to working with them throughout this process.”

SFHDC and its partner will offer menu of service and product options to residents throughout a 2-year period, including intensive financial counseling for 100 participants, as well as outreach efforts including a Financial Capability Summit, sponsored by CollegeTrack, and a mobile financial fitness clinic consisting of a minivan (the “Financial Fitness Coach”) that will provide financial counseling throughout the D10 neighborhoods at a wide variety of community events throughout the two-year period and beyond.

“SFHDC is proud to have been selected by the Implementation Committee and The San Francisco Foundation to provide an innovative and comprehensive package of financial products and services that will have a lasting and measurable impact on the lives of District 10 residents,” said David Sobel, CEO of SFHDC. “We and our partners look forward to serving the community and empowering residents to define and achieve their individual financial dreams and goals.”

San Francisco Housing Development Corp (SFHDC) will serve as the lead agency and collaborate with project partners including SF Office of Financial Empowerment, Bayview Hunter’s Point Foundation for Community Improvement, Bayview Hunters Point Community Legal, Tax-Aid, College Track, Asian, Inc, New Generation Covenant Church, Salvation Army Golden State Division, Juma Ventures, Mission Asset Fund, Mission SF Community Financial Center, Opportunity Fund, Habitat for Humanity of Greater SF, BRIDGE Housing Corp, and Bayview Hunters Point Multipurpose Senior Services.

“In partnership with the City of San Francisco, we are creating long-awaited opportunities in District 10,” said Kofi Bonner, President of Lennar Urban. “We are meeting our commitments and we expect this grant will enable people to take advantage of those opportunities.”

As the first step to the roll out of these programs, SFHDC will be holding a “meet and greet” with the Financial Empowerment Team and the Executive Directors of community organizations along with interested community members on Tuesday, May 13th 2014, from 11:30am – 1:00pm.

About The San Francisco Foundation
The San Francisco Foundation (TSFF) is the community foundation serving the Bay Area since 1948, granting more than $800 million over the past ten years. Through the generosity and vision of our donors, both past and present, TSFF granted $89 million in fiscal year 2012. TSFF brings together donors and builds on community assets through grantmaking, leveraging, public policy, advocacy, and leadership development to make a greater impact in our community. By focusing on people, organizations, neighborhoods, and policy, advocacy and organizing, the Foundation addresses community needs in the areas of community health, education, arts and culture, community development, and the environment. In response to the economic downturn, TSFF is also focusing funding on safety net partners, job creation and training, and mortgage foreclosure relief and neighborhood preservation. The San Francisco Foundation serves San Francisco, Alameda, Contra Costa, Marin, and San Mateo Counties. www.sff.org