Financial Capability Center

The CAANH Financial Capability Center (FCC) is a program that focuses on improving the financial bottom line for low to moderate-income families and helping people change their financial behavior in ways that encourages a long-term commitment to increasing income, decreasing expenses, building credit and acquiring assets. Core services include:

  • Employment Coaching: Job readiness, essential skills training and job placement
  • Financial Coaching / Literacy: focuses on solving specific problems or crises, such as high debt or eviction prevention; then working through a coaching relationship on long term financial interventions (including budgeting sheets, credit help / check and saving tips and tools).
  • Income Supports: applying for and providing SNAP, energy assistance, EITC, child care assistance, housing assistance, WIC, unemployment compensation and medical / health insurance.
  • VITA: the Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $54,000 or less, persons with disabilities, the elderly and limited.

 

LISC Financial Opportunities Center (FOC)

Who is eligible?

All applicants must demonstrate that they:

  • Live in the catchment areas: New Haven, East Haven, West Haven, North Haven, and Hamden.
  • Need at least one of the three core services (Employment coaching, Income Support, and Financial Literacy).
  • Household income is at or below the 200% Federal Poverty Guideline (200% of the FPL for a single person is a monthly gross income of $2,127).
Services

LISC Financial Opportunity Center offers a financial and employment program that focuses on improving the financial lives of low to moderate-income families while helping participants change their financial behavior in ways to encourage a long-term commitment to increasing income, decreasing expenses, building credit, and acquiring assets.

BankOn Connecticut

BankOn Connecticut Links resident with certified, safe and affordable bank accounts that have low fees with NO over draft fees.

Why utilize Bank On within the FCC at CAANH?

  • Keeps your money in a safe place
  • Insured by the FDIC
  • Enroll in direct deposit to get funds right away Make purchases easily with a debit card Budget and track expenses with online banking
  • Goes hand in hand with a savings account
  • Check your balance at any time
  • Establishes a relationship with a bank or credit union so you can apply for a credit card or loan in the future

An FCC Success Story

A mother of two came to CAANH seeking assistance finding a new home because she believed she could not afford her current rent since her husband was deported. The Case Manager worked with the client to create a detailed budget sheet to identify unnecessary spending that could go toward paying her bills. The client realized that if she sticks with the budget she will be able to keep her apartment. The case manager also assisted her with obtaining a second job to provide additional income.