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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Money Smart - A Financial Education Program

Spotlight On…Community Development

Organization: Pro-Home

Main Office: Taunton, MA

Pro-Home is located in Taunton, Massachusetts, and was formed for "the protection and production of affordable housing" and has been approved as a housing counseling agency by 3 major housing-related agencies: HUD, Citizens Housing and Planning Association (CHAPA), and the Mass. Housing Finance Agency (MassHousing).

Pro-Home has expanded its programs from pre-purchase housing counseling, to include post-purchase counseling, financial literacy education using the FDIC Money Smart curriculum, acquisition and rehabilitation of abandoned housing (housing development), and establishment and operation of a regional fair housing commission. Pro-Home conducts Money Smart courses for adult students and has expanded its Money Smart financial education program into an adjoining city.

Organization: The Housing Authority of Kansas City (HAKC)

Main Office: Kansas City, MO

The Housing Authority of Kansas City, Missouri (HAKC) assists in the development, rehabilitation and management of safe, sanitary and affordable, quality housing. HAKC maintains affordable housing that, meet the long-term needs of low-income households and serve as viable community resources that promote economic independence and self-sufficiency for their residents. The HAKC is also committed to promoting economic self-sufficiency and improving residents? quality of life via its Resident Services department. An integral component is financial education and FDIC?s Money Smart curriculum serves as the core instructional element for six programs within HAKC. Hence, HAKC has trained staff members teaching an average of three classes per week and overseeing three computer-based instruction (CBI) classes. One program utilizing Money Smart is the Youth Build program for individuals, ages 18-23 pursuing their General Education Degree (GED); students are required to complete an average of 36 hours of Money Smart year round. Other HAKC programs that incorporate Money Smart are: Public Housing Homeownership; Section 8 Homeownership; Public Housing Family Self-Sufficiency, Section 8 Family Self-Sufficiency and Resident.

Organization: Northwest Assistance Ministries

Main Office: Houston, Texas

Northwest Assistance Ministries is a multi-program social service agency supported by 50 congregations, 17 service organizations, over 160 business Community Partners and approximately 2,000 volunteers. Resources are pooled and leveraged to meet basic needs and to help individuals regain their self-sufficiency. For example, the Rotary Learning Center provides individual and community empowerment by working with area partners in GED Test Preparation, English as a Second Language workshops, referrals to grant-funded college certification programs, legal seminars, and nutritional and computer classes for area residents who would otherwise not be able to afford or attend classes.

In 2010, recognizing that financial education was vital to the efforts of helping clients prepare and improve themselves and the communities, NAM began offering Money Smart training. For example, utilizing community volunteer educators, they provided 28 financial literacy classes in English and in Spanish during 2010, totaling more than 300 hours of services, and impacting over 100 households. The Money Smart classes are permanently integrated into NAM?s educational curriculum, and they continue to encourage individuals and groups to participate in the classes and educate others.

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