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File #: 21-657    Version: 1 Name:
Type: CONSENT AGENDA Status: Agenda Ready
File created: 4/2/2021 In control: Office of Community Care
On agenda: 4/28/2021 Final action:
Title: Authorize the (1) acceptance of a grant from the Cities for Financial Empowerment Fund, Inc. for the Financial Empowerment Center Planning Grant in the amount of $20,000.00 to support a Financial Empowerment Centers planning project for the period February 1, 2021 through January 30, 2022; (2) receipt and deposit of funds in an amount not to exceed $20,000.00 in the Financial Empowerment Centers Grant Fund; (3) establishment of appropriations in an amount not to exceed $20,000.00 in the Financial Empowerment Centers Grant Fund; and (4) execution of the grant agreement and all terms, conditions, and documents required by the agreement - Not to exceed $20,000.00 - Financing: Cities for Financial Empowerment Fund, Inc. Grant Funds
Indexes: 300
Attachments: 1. Resolution
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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STRATEGIC PRIORITY: Human and Social Needs
AGENDA DATE: April 28, 2021
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Community Care
EXECUTIVE: Kimberly Bizor Tolbert
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SUBJECT

title
Authorize the (1) acceptance of a grant from the Cities for Financial Empowerment Fund, Inc. for the Financial Empowerment Center Planning Grant in the amount of $20,000.00 to support a Financial Empowerment Centers planning project for the period February 1, 2021 through January 30, 2022; (2) receipt and deposit of funds in an amount not to exceed $20,000.00 in the Financial Empowerment Centers Grant Fund; (3) establishment of appropriations in an amount not to exceed $20,000.00 in the Financial Empowerment Centers Grant Fund; and (4) execution of the grant agreement and all terms, conditions, and documents required by the agreement - Not to exceed $20,000.00 - Financing: Cities for Financial Empowerment Fund, Inc. Grant Funds

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BACKGROUND

The Cities for Financial Empowerment Fund, Inc. (CFE) is a 501(c)3 that offers funding and technical assistance to help improve the financial stability of low- and moderate-income households by embedding financial empowerment strategies into local government infrastructure.

In 2020, the City of Dallas received a grant from CFE for the Financial Navigators program, which launched in March of 2021. Financial Navigators initiative helps residents deal with the financial impact of the COVID-19 pandemic, providing remote assistance in navigating critical financial issues and making referrals to other social services and resources. Trained Financial Navigators provide structured guidance over the phone to help people strategize around supports for disruptions to their income and other financial concerns. They help residents triage financial issues, identify immediate action steps, and make referrals to other services. Assistance includes managing expenses through prioritizing ...

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