By: Dell Richards
June 28, 2012
Sacramento|Yolo Mutual Housing Association recently was chosen to lead the Corporation for Enterprise Development's (CFED) new Assets and Opportunity Network in the local area.
"Participation in this network allows us to work with other communities and take advantage of information on asset-building and ways to promote resident financial stability," said Amy Williamson, Mutual Housing's Special Projects Coordinator.
As the local lead for the network, Mutual Housing and their partners will continue offer financial workshops at their 16 communities in Sacramento and Yolo County.
Some of the partners are Golden 1 and Roseville Bank of Commerce as well as Bank of the West, SAFE Credit Union, Clearpoint Credit Counseling Solutions, USE Credit Union, Bank of Sacramento, Opening Doors Inc., Wells Fargo, California Capital and DREAM-C.
Mutual Housing has been offering these workshops since 1999.
The nonprofit CFED works to alleviate poverty and create economic opportunity.
One of the ways CFED does this is by helping low-income people build savings and people without bank accounts learn how to use the financial system.
Since home ownership is the single largest part of most people's wealth, CFED also helps low-income people buy homes.
Owning a business is another avenue to wealth. As such, CFED works with nonprofits nationwide to help people start their own businesses.