income
Provide low to moderate income individuals and families the tools and resources to become financially stable and to accumulate assets.
Focus Area 1:
Assist individuals and families to use existing programs to increase their disposable income.
Baseline: The IRS reports that: In 2011, 555 claimed EITC for a return of $574,110. In 2011, 2,533 used the VITA or TCE sites for free income tax filing. In 2011, refunds totaled $2,975,453 (including EITC.) In 2011, fee savings were $619,400. The Ohio Benefits Bank reports that: In 2011 319 filed tax returns through an Ohio Benefits Bank site.
Baseline: In 2010 the Ohio Benefits Bank reports 389 clients accessed an Ohio Benefits Bank site. In 2010 237 clients completed an application at an Ohio Benefits Bank site.
Anticipated Impact 1: We will increase the number of individuals and families claiming the EITC.
Anticipated Impact 2: Educate individuals and families on available public benefits and income supports.
Anticipated Impact 3: We will increase the income of individuals through job training, skill enhancement and education.
Focus Area 1 Results:
Assist individuals and families to use existing programs to increase their disposable income.
1.1 Anticipated Impact: Increase the number of individuals and families claiming the EITC.
Indicator: Amount of EITC received.
Indicator: The number of people using VITA sites.
Indicator: The amount of refund received by individuals and families.
1.2 Anticipated Impact: Increase the number of individuals and families accessing public supports.
Indicator: Increase the number of individuals and families who access public supports.
Indicator: The number of individuals and families whose income increases as a result of identifying government benefits for which they are qualified.
Indicator: The number of individuals and families who obtain benefits through e-government.
1.3 Anticipated Impact: Increase the number of individuals who increase their income with additional training and job skills.
Indicator: The number of individuals who obtain a job that increases their income.
Indicator: The number of individuals who obtain a job at living wage
Focus Area 2:
Obtain and Maintain Affordable Housing
Baseline: According to the US Census, between 2005 – 2009 there was a rate of 72.4% homeownership in Mahoning County. In 2010 there were 1,819 homes foreclosed upon in Mahoning County, an increase of 3.65% over 2009 according to Policy Matters Ohio.
According to City of Youngstown Clerk of Courts, in 2010 there were 898 evictions from rental properties filed in the City of Youngstown.
Anticipated Impact 1: Prevent low-income homeowners from losing housing.
Anticipated Impact 2: Assist families in securing and maintaining rental housing.
Anticipated Impact 3: Secure short-term, temporary housing for those in need.
Focus Area 2 Results:
Obtain and Maintain Affordable Housing
2.1 Anticipated Impact: Increased number of low-income homeowners will maintain housing.
Indicator: Increased number of homeowners are educated about their rights as a homeowner.
Indicator: Increased number of homeowners receive education and counseling to remain in their home.
Indicator: Increased number of homeowners.
Indicator: Increased number of homeowners avoid foreclosure.
2.2 Anticipated Impact: Increase the number of low-income renters who maintain housing.
Indicator: Increased number of renters are educated about their rights as a renter.
Indicator: Increased number of renters avoid eviction due to delinquent payment and/or utility shut-offs.
2.3 Anticipated Impact: Individuals and families have short-term, temporary housing.
Indicator: Increased number of individuals and families in short-term, temporary housing.
Indicator: Increased number of individuals and families move to more permanent housing.
Focus Area 3:
Help individuals and families manage finances and build assets.
BASELINE: Will be established during year 1.
Anticipated Impact 1: Increase financial management knowledge and skills.
Anticipated Impact 2: Promote coordination among providers of services for financial stability.
Anticipated Impact 3: Increase number of individuals and families in relationships with Federal and State chartered financial institutions (ex. banks, credit unions, etc.)
Anticipated Impact 4: Increase savings
Anticipated Impact 5: Increase awareness of and access to lowest-cost products and services available through Federal and State chartered financial institutions (ex. banks, credit unions, etc.)
Focus Area 3 Results:
Help individuals and families manage expenses and debt and build assets.
3.1 Anticipated Impact: Connect low-income working families to targeted financial education on budgeting, spending and credit that can help them stay within their monthly budgets and/or financial counseling.
Indicator: Increased number of individuals and families access financial counseling services.
Indicators: Increased number of individuals and families complete a financial education course. (This can include high school and college-age students).
Indicator: Increased number of participants set a goal to improve their credit score through specific actions.
Indicator: Increased number of participants show gain in a pre-post instrument at the end of the financial education program.
Indicator: Increased number of participants show continued good financial management for the duration of the funding period.
3.2 Anticipated Impact: Service providers demonstrate through collaboration/ partnerships that they are linked to training to be abreast of the wide array of financial curricula, speakers, seminars and other opportunities available in the community. EX. CRA Bankers’ forum and partners of the Financial Stability Partnership.
Indicator: Number of service providers who utilize available services through partnerships.
Indicator: Number of clients referred for services to other agencies/organizations.
3.3 Anticipated Impact: Increase the number of individuals and families that form a relationship with a Federal and/or State chartered financial institutions (ex. banks, credit unions, etc.)
Indicators: Increased number of individuals and families with checking or savings accounts.
3.4 Anticipated Impact: Increased number of low-income working families have the financial assets to avoid a
financial crisis.
Indicators: Increased number and percent of low-income working families have a checking or savings account that contains a minimum of three months of their current living expenses.
3.5 Anticipated Impact: Increased number of low-income working families are qualified to purchase financial products and services at low rates.
Indicators: Increased number and percent of low-income working families purchase financial services, credit and loan products, and insurance that are priced within their monthly budget.
Indicator: Increased number of low-income working families are connected to targeted consumer education on market rate of goods and services that can help them make more informed buying decisions.
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