Polk County Decategorization

Financial Independence

 

One Economy

This is a simple tagline. It’s elegant. It’s inviting. But don’t let its simplicity fool you. This tagline sets a vision. With many critical dimensions, it offers a powerful redirection for our community. In a few short words, it realigns our future. It says, “We can do better. We must do better.” It acknowledges our inequities and failings and stands them alongside tremendous hope. It says we will no longer tolerate the historical racial wealth divide between Whites and African Americans in Polk County. It says African immigrants are welcome to rebuild their lives here – lives of safety, stability, and deep connection. It says this is our table. We have built it together. We always pull up an extra seat. There is room for everyone.

Download report here

Bank On Central Iowa | EVERYONE CAN SAVE!

Bank On Central Iowa program is a national model for promoting access to mainstream financial services, supporting working families, and Strengthening local economies. It connects people without bank accounts to affordable financial services including checking, savings, and financial education opportunities. This prevents people from paying excessive fees for check cashing or other services.  To learn more, click here to download information sheet.

For more information on Bank On Central Iowa: http://www.dmgov.org

Download the present Bank On Central Iowa referral cards here EN | SPANISH

Consumer Credit of Des Moines

Program highlights

  • The Pay, Save, Spend Rule Workshop
  • Credit card help
  • Free budget and credit counseling
  • Bankruptcy counseling and education

Contact Information

Consumer Financial Protection Bureau

Your Money, Your Goals: A financial empowerment toolkit for Social Services programs

Evelyn K. Davis Center for Working Families

Program highlights

  • Financial Fitness Bootcamp (4-week series)
  • Masters Business Bootcamp
  • Non-Profit Business Bootcamp
  • Customized education for all audience from school-aged children to senior citizens.
  • Financial and small business coaching sessions

Contact Information

FHLB (Federal Home Loan Bank) Des Moines - Affordable Housing Products

FHLB Des Moines supports strong communities. Working together with their member financial institutions, the FHLD Des Moines offers a variety of products to support the purchase, construction, or rehabilitation of affordable housing. Affordable Housing Program products include the Competive Affordable Housing Program and Down Payment Products, including Home$tart®,Home$tart Plus, and the Native American Homeownership Initiative.

Learn more about Competitive Affordable Housing Program click here, and about Down Payment Products click here.

Goodwill Career Connection Center

Program Highlights

  • Budgeting and Money Management
  • Building Financial Stability

Contact Information

Habitat for Humanity

Are you a low-income family looking for an opportunity to buy a simple, affordable house?

Learn how to apply for homeownership by partnering with Greater Des Moines Habitat for Humanity! Download flyer here.

For more information, visit online gdmhabitat.org/services or call 515-650-1559

Office hours: Monday - Friday 8am to 4pm

2200 E. Euclid Ave. 50317

*If you do not qualify for the homeownership program, you may qualify for Financial Foundation for Success*

Iowa Credit Union Foundation

  • Individual Development Accounts
  • Financial Education
  • Grants & Scholarships

 website : https://www.iowacreditunionfoundation.org/index.cfm

Iowa State Bank - Community Reinvestment Home Loan Program

Loans to applicants in this Program will not be limited by income caps inside Iowa State Bank's community delineated Low- to Moderate - Income (LMI) area, as identified by the U.S. Census Bureau and the U.S. Department of H.U.D. Applicants seeking loans outside of the identified LMI census tracts in out community delineation will be considered if their income is 80% or less of the median income.

There is no minimum loan amount for home purchase or home improvment loans. The maximum loan amount within this program is $150,000.

Visit here to learn more, and contact Marsha A. Kephart, Exec. Vice President 515-246-6368 to ask questions.

Iowa State University Extension and Outreach

Program Highlights

  • Your Money, Your Future workshop series or stand-alone workshop (Dallas, Madison, Polk and Warren counties)
  • Iowa Concern
  • www.extension.iastate.edu/iowaconcern/
  • All calls, chats, and emails are free and confidential. Language interpretation available.
  • 24/7 Phone Support -Trained staff take your calls via a toll-free hotline at 1-800-447-1985.
  • Live Chat Services -Live chat for online, one-on-one support.
  • Email an Expert -Send your questions related to legal issues, finance, stress and crisis or disaster.

Contact Information

  • 1625 Adventureland Dr Ste A, Altoona
  • 515.957.5795
  • Carolyn Steckelberg steckelb@iastate.edu
  • www.extension.iastate.edu/humansciences/

Iowa Jump$tart | Improving Financial Literacy for Iowans

Nonprofit organization comprised of over 30 individuals and organizations representing business, government, and education who have joined together to improve the personal financial literacy of all Iowans.  We are an affiliate of the national “Jump$tart Coalition for Personal Financial Literacy”.  The national Jump$tart website is www.jumpstart.org

Neighborhood Finance Corporation (NFC)

Project Reinvest: Homeownership * Project Reinvest Polk County is scheduled to begin mid-June 2017. Keep your eyes on this program! :)

NFC is administering the Project Reinvest Homeownership program in Polk County. Project Reinvest: Homeownership is a Down Payment Assistance program. The program provides $10,500 in down payment assistance for eligible homebuyers who are purchasing a home within Polk County.

In order to be eligible for Project Reinvest: Homeownership down payment assistance, the homebuyer(s) must meet the following requirements:

  • Borrower(s)'s income, adjusted for household size, should not exceed 100% of the Area Median Income.
  • Complete an eight (8) hour Homebuyer Education Course in the last 12 months
  • Purchase a home within the target market
  • Agree to maintain the home as a primary owner occupant residence
  • Obtain a first mortgage loan from an approved Project Reinvest: Homeownership

Learn more about Neighborhood Finance Corp here.

Directory of grants for single mothers

Listed are financial assistance programs that help single mothers with rent, utility bills, child care, education, medication, housing, medical bills, and mortgage, among others.

Visit Website

Youth Policy Institute of Iowa

Opportunity Passport™

Opportunity Passport™, package of resources aimed at advancing the economic well-being of young people transitioning from foster care to adulthood. To learn more, click here.

>> Financial education and coaching

>> Experience with the banking system through a personal savings account

>> Matched funds ($1 for $1, up to $1000/year) for approved asset purchases

>> Community social connections

Money Smart Week - March 30th - April 6th, 2019

To kick off Financial Literacy Month in April 2019, Money Smart Week will be held Saturday, March 30th - Saturday, April 6th.

Please mark your 2019 calendars and we look forward to working with you for the next Money Smart Week campaign.

Thank you for your continued commitment and support!


Money Smart Week
http://www.moneysmartweek.org/

Other Financial Education Resources

Interesting Articles to read

  • A How-To Guide for Racial Wealth Equity in America's Cities

    How do we prevent cities from becoming hotbeds of inequality? Our Municipal Policy Blueprint offers a guide for advocates and policymakers to spread the benefits of cities more equitably. Rather than focus on every needed policy action, the Blueprint identifies the most meaningful, moveable and manageable policies in areas such as income growth, homeownership, banking, tax credits, savings and more. The Blueprint also maps out the different roles and strategies necessary to move these policy ideas into practice. Read more

  • Reimagining Children's Savings Policy to Address the Racial Wealth Divide

    Children’s Savings Accounts (CSAs) are a promising way to increase access to higher education and brighter economic prospects. But in their current form, can they address America’s racial wealth divide? In a new paper, we examine how CSAs can be re-configured to fight racial wealth inequity. We also provide original data on the racial breakdown of CSA accountholders. Read more

  • How Financial Services Can Help Black Communities Overcome Troublesome Debt

    Many of America’s Black communities are burdened by troublesome debt that prevents them from saving for the future. While debt management services are already offered in these communities, there is still far more they could do to address the full range of their clients’ concerns. Drawing from interviews and product testing with individuals grappling with debt, our new paper highlights ways financial institutions, technology companies and nonprofits can better design debt management services. Read more

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