Foundation 3 Program for Homeless Families
The Foundation 3 Program helps working, homeless families build a solid financial future by focusing on three key areas: safe housing, stable employment and education. While enrolled, participants will receive financial assistance with rent and utilities for 12 months. Once these three areas are addressed through case management and financial support, clients are prepared to transition seamlessly into The 70/30 Project where they learn money management skills and continue on their path to long-term stability.
The 70/30 Project
The 70/30 Project is a unique, homelessness prevention program that helps low-income workers avoid eviction and regain financial stability. Unlike any other programs, The 70/30 Project prevents homelessness by intervening before families lose their homes, and provides those families with long-term strategies and education to avoid similar situations in the future.
Participants selected for The 70/30 Project participate in weekly case management meetings with a staff social worker, attend a biweekly Money Management class, and work with volunteer financial coach to establish a household budget. While enrolled, participants receive graduated assistance towards their rent and utilities for six months, provided that they pay the same amount or more each month towards debt reduction or savings. Participants are then eligible for a dollar-for-dollar savings match, up to $500, if they continue saving for six months after completing the program.
Money Management Course
BCM’s Money Management program is an important component of the 70/30 Project. This 22-week educational program helps families develop skills and learn strategies for managing their household finances. In addition to learning in a classroom setting, each family works one-on-one with a volunteer coach to put the lessons into practice and establish a household budget.