The Indianapolis chapter of Local Initiatives Support Corp. will receive $500,000 to expand Centers for Working Families,
which are one-stop centers that help the working poor develop, grow and protect their assets.
“The centers have taken a version of long-term financial planning that is commonplace among more affluent residents and tailored it to the needs of low- and moderate-income families,” said Tom Orr, director of the program in Indianapolis.
The local grant is part of $4.2 million that Washington, D.C.-based LISC will receive from the Obama administration’s Social Innovation Fund.
The grant will be used to expand the individual coaching services to one or two more sites in Indianapolis and to evaluate the effectiveness of the model.
Four local community centers already serve as Centers for Working Families. They are Hawthorne Community Center, Southeast Community Services, John H. Boner Community Center and Mary Rigg Community Center. Last year, the local sites helped 219 people find jobs, 147 obtain credit reports, and 130 open bank accounts. A total of 3,241 families received services.