STRATEGIC PRIORITY: Workforce, Education, & Equity
AGENDA DATE: October 25, 2023
COUNCIL DISTRICT(S): All
DEPARTMENT: Office of Community Care
EXECUTIVE: M. Elizabeth Cedillo-Pereira
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SUBJECT
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Authorize the (1) acceptance of a grant from Cities for Financial Empowerment Fund (CFE) for Financial Empowerment Cities (FE Cities) in the amount of $170,000.00 to support a financial empowerment programming division for the period July 1, 2023 through August 31, 2025; (2) establishment of appropriations in an amount not to exceed $170,000.00 in the CFE FE Cities Grant Fund; (3) receipt and deposit of funds in an amount not to exceed $170,000.00 in the CFE FE Cities Grant Fund; and (4) execution of the grant agreement and all terms, conditions, and documents required by the agreement - Not to exceed $170,000.00 - Financing: Cities for Financial Empowerment Grant Funds
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BACKGROUND
In 2018 the Resilient Dallas Strategy was adopted aligning seven goals designed to create a thriving city with the capacity to adapt to changes and stressors. This strategic blueprint marked the inception of the City's dedication to furthering equity, combating enduring poverty, and fostering thriving communities. Within the framework of the resilient Dallas Strategy, Goal three articulates the City's aspirations to "Enhance economic mobility for vulnerable and marginalized residents of Dallas".
Additionally, in 2018 the Mayors Task Force on Poverty identified nine Drivers of Poverty through the Economic Opportunity Assessment as essential guides to help create sustainable long-term City programs specifically designed to address the Drivers of Poverty.
Furthermore, the COVID-19 pandemic exasperated financial challenges experienced by members of our community. Additionally, the surge in prices for essential goods and services such as food, rent, energy, and medical care in the wake of the pandemic has been demons...
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