Taking the First Step: Six Ways to Start Building Financial Security and Opportunity at the Local Level
A new report by CFED and NLC’s Institute for Youth, Education and Families (YEF Institute) highlights no-cost or low-cost ideas for how city officials can get started in helping more families in their community achieve financial stability. The report, Taking the First Step: Six Ways to Start Building Financial Security and Opportunity at the Local Level, describes six points of entry for municipal leadership:
- Raising awareness about available services and consumer protections.
- Increasing access to financial education through provider networks.
- Connecting residents to safe and affordable financial products.
- Mitigating foreclosures by coordinating services and leveraging resources.
- Preventing predatory lending through local ordinances.
- Modeling a strong role for employers through benefit structures and human resource policies.
The strategies described in this step-by-step guide serve as “low-hanging fruit” for cities that have just begun to focus on ways to promote family economic success.
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