Family Stabilization Plan

by David McGee | Aug 31, 2010
1 read | 1 Comment

Summary:

The Family Stabilization Plan(FSP)program uses a culturally sensitive approach that is delivered in a manner that reaches and bridges multi cultural communities in urban core neighborhoods and begins to rebuild generations of poverty caused by patterns that were initiated through past injustices of racism. It does this by raising hopes by increasing the family’s knowledge and confidence levels to be able to transition them into mainstream systems and establish healthy relationships regardless of race. Placing an emphasis on establishing, building and restoring healthy relationships; helping them not to focus on past injustices; all while restructuring the stature of family circle and empowering them to overcome barriers that had existed in their minds. The program takes families that are socially broken, in great financial difficulty or seeking financial wellness and self-sufficiency through a long term (two-year) process that includes education, training and technical assistance in financial literacy, budgeting, credit education and mending-rebuilding, financial planning, and giving back to the community. The program combines financial tools, access to resources, individualized coaching and peer support are available to participants to help them get their finances under control and more quickly reduce debt, and begin to build credibility, both social and economic wealth through the practical application of mainstream systems and what was learned while still in the program. FSP focuses on reducing disparities and encourages sustainable affordable housing.

About You

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About You

First Name

David

Last Name

McGee

Title

Executive Director

Organization

Build Wealth, MN, Inc.

Country

United States, MN, Hennepin County

About Your Organization

Organization Name

Build Wealth, MN, Inc.

Organization Email

Organization Website

Organization Phone

(612)877-4182

Organization Address

2100 Plymouth Avenue N. Suite #104

Organization City

Minneapolis

Organization Zipcode

55411

Brief description of your organization

BWM strengthens communities by empowering families to build social and economic wealth through programming, education and providing access to resources to alleviate the presures that tend to deteriorate the family circle and replace them with self sufficiency methods, systems and processes. This is done colaboratively with community partners in a culturally sensitive way to breaks cycle of poverty

Organization Country

United States, MN, Hennepin County

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Your idea

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Name your project

Family Stabilization Plan

Country your work focuses on

United States, MN, Hennepin County

Describe your project. Explain the extent to which it mitigates the effects of racism

The Family Stabilization Plan(FSP)program uses a culturally sensitive approach that is delivered in a manner that reaches and bridges multi cultural communities in urban core neighborhoods and begins to rebuild generations of poverty caused by patterns that were initiated through past injustices of racism. It does this by raising hopes by increasing the family’s knowledge and confidence levels to be able to transition them into mainstream systems and establish healthy relationships regardless of race. Placing an emphasis on establishing, building and restoring healthy relationships; helping them not to focus on past injustices; all while restructuring the stature of family circle and empowering them to overcome barriers that had existed in their minds. The program takes families that are socially broken, in great financial difficulty or seeking financial wellness and self-sufficiency through a long term (two-year) process that includes education, training and technical assistance in financial literacy, budgeting, credit education and mending-rebuilding, financial planning, and giving back to the community. The program combines financial tools, access to resources, individualized coaching and peer support are available to participants to help them get their finances under control and more quickly reduce debt, and begin to build credibility, both social and economic wealth through the practical application of mainstream systems and what was learned while still in the program. FSP focuses on reducing disparities and encourages sustainable affordable housing.

Project starting date

September 18, 2010

Project ending date

September 17, 2012

Total project budget - required field

$377,000.00

Innovation

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What makes your project unique?

The Family Stabilization Plan takes a holistic long term (2 year) approach to financial literacy, empowerment, self sufficiency and building of sustainable social and economic wealth that uses educational curricula, one-on-one coaching, and access to low cost financial products and services to stabilize low- to moderate-income families in urban core communities. The program’s focus is on culturally relevant financial literacy which helps participants feel welcome and comfortable. Using a unique, assets-based approach to financial literacy, the program has successfully built on the strengths of faith-based, family-centered communities within the urban core. It respects a dedication to tithing and teaches families to extend that same dedication to saving. It draws on communal values, in this case using well-known faith based principles to teach financial concepts. Finally, it builds on a strong commitment to family by offering solutions that focus, ultimately, on improving relationships and reducing household stress using strong leadership, competent staff and community partners. It provides tools, resources and opportunities during the enrollment period to allow for client families to make practical applications to what was learned in the program to make adjustments over time. They are allowed to encounter mistakes and rectify them while still having both case management and peer support to get them corrected over time which is more realistic. The program provides an opportunity to give client families time to adjust to new healthy patterns through reinforcement, transparency of past errors in performance, the ability to try systems that appeared to be out of reach while having the support and encouragement of coaches, staff and peers. The FSP utilizes a host of competent community partners that have directed focus (cohorts) on their part in its delivery. The FSP has data collection and evaluation tools and stategies in place that help.

Impact

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Tell us about the social impact of your project as it relates to ONE of these three areas: Education, Employment or Housing

The FSP social impact to the”Housing” is being met by being a responsible community organization that identifies low to moderate income families and families color specifically African American and"Emerging Market" client families and provides them with long term (2 years) holistic training counseling, case management and direction to become and sustainable homeowners through the acquistion of previously foreclosed properties in the target communities. The FSP works with developers and community access partners including; Twin Cities Community Land Bank, Urban Home Works, Greater Metropolitan Housing Corporation, PRG, PPL, Ethnic Homes, Dayton's Bluff, Thor Construction, Stairstep Foundation, City of Lakes Community Land Trust etc. who renovate houses to acceptable standard while the FSP nurtures and aligns market ready homebuyers and assist them in the selection of pre-foreclosed properties.
FSP coaches and staff help the families acquire the properties, help provide affordability and value Gap funding and entry cost assistance. The FSP alignment and partnerships allow for high quality energy efficient housing 1) Reduces the cost to renovate and/or develop properties 2) make them affordable 3) increase obtainable value to support the families living accomodation and wealth creation 4) reduce obtacles that fuel poverty by empowering families through the alignment of the long term education post homebuyer education and case management help families sustain properties 5) reduce blight by reducing foreclosure inventory in neighborhoods.

List any specific activities associated with the project and a timeline for the activities

The Family Stabilzation Plan provides for families to go through a two year process which is provides for 126 hours of education and case managment in a series of five structured classroom peer group curriculums and which includes up to 38 hours of one on one coaching and case management over 20 months in addition to having coaches initiate and bridge relationships with other social service providers and resources to insure that a family is success over projected timeline.

Please summarize the involvement of people of color in the decision-making of your project

Build Wealth, MN board that oversees the project is comprised of 3 African American's, 1 Pan African American and one caucasian. Currently the staff and coaching staff that administer and management the project (10 people) are comprised of 8 African Americans, 1 Pan African American, 1 Caucasian) There are two client coach/volunteers 1 Hmong and 1 Latina.

Please list which communities of color your project will involve and/or impact

Our program will impact:
African American, Latina, Pan African, Hmong

What age group will your project impact?

Teens/adolescents (13-19 years), Adults (20-60 years).

Which gender(s) will your project focus on?

Male, Female.

What geographic area(s) will your project affect?

Twin Cities Metro Area (specify below).

If you selected either Twin Cities Metro Area or Other above, please specify or identify the area

St.Paul, East St. Paul, North & South Minneapolis, Brookly Park, Brooklyn Center and surrounding neighborhoods

Sustainability

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What stage is your project in?

Operating for 1‐5 years

If your project is a collaborative effort, please list the other organizations involved

FSP partners in a collabortive effort with a host of community organizations access partners including: Urban Home Works, Home Ownership Center , Minneapolis Urban League, Habitat for Humanity, Stairstep Foundation, (HOC), Emerging Markets Homeownership Initiative (EMHI), EMERGE, MCCD, PRG the cities of Minneapolis, University of MN CURA, Minnesota Housing and Wilder Research.

BWM has established connections with home producing agencies such as Urban Homeworks and City of Lakes Community Land Trust. These groups along with others have a need for the services BWM can provide for their current and potential home owners and renters. A working strategy with these and other

Who or what is expected to change as a result of your project?

"Families" will begin to be empowered breaking generational poverty, neighborhoods will become stronger with stable families, families will be better stewards of resources, generational wealth accumulation will begin to take form, stronger and healthy relationships will be established in communities bringing a great sense of social wealth where giving back & neighborly love will take hold.

What information will you provide in the final report to demonstrate the achievement of your results?

Evaluation results and benchmarks both from the projects perspective and families anticipated outcomes in addition to leasons learned and accomplishments that will shape future best practices and replication of the project in to other areas of community.

What methods will be used to gather the information?

Incoming data collection, periodic surveys, test and quizes, focus groups, one on one assessments, predetermined benchmark and outcome measurements.

What do you hope to learn about racism and its impact?

Hope to see the stabilization of families and the new found access to comparable products and services in addition to social and economic wealth creation reduce stresses that will help refocus direction and priorities surrounding thinking about past impacts of racism by creating paths to rise above it in the confines of the family and ultimately community.

What percentage do people of color comprise your board of directors?

80%

Documentation

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Funding sources: Please check all that apply

Individual donations, In-kind donations, Foundations, Earned revenue, Local government, State government.

Other

In submitting this application, the applicant agrees to the following (check all boxes)

The applicant will spend the money solely for the purpose stated in the grant award and will return the unexpended portion of the funds, if any. In addition, the applicant will provide an interim and/or final report, as required., The applicant realizes that payment of funds will be at the convenience of the Foundation. The Foundation reserves the right to cancel the grant and/or modify previously agreed-upon payments should such actions be deemed necessary by the Foundation., The applicant understands that the Foundation may review any or all information submitted as part of this request with advisors of the Foundation’s choosing, if deemed necessary by the Foundation., The applicant intends to comply with the terms of the Minnesota Charitable Solicitation Act (MS §309), if applicable..

Martina Yusay said: It was a good plan but I am sad that you didn't win. I know there is always better plan for this. - Scott Safadi about this Competition Entry. - 2118 days ago read more >

David McGee updated this Competition Entry. - 3210 days ago

David McGee submitted this idea. - 3210 days ago