September 24, 2018 – Chicago, IL – Make Room, Inc., the leading national nonprofit raising awareness about the 25 million Americans struggling to pay rent, is collaborating with Citi Community Development, Credit Builders Alliance (CBA), and Access from AT&T to provide resources to lower income families at the Home, Health & Finance Expo and Symposium. The free event will take place at University of Illinois Chicago Student Center East, 750 South Halsted Street, Chicago, IL from 10 a.m. to 3 p.m. on Saturday, Oct. 6, 2018.
CBA and Make Room, with support from Citi Community Development, are working together to address a growing crisis in housing affordability by developing, implementing, and disseminating a housing stability loan toolkit at Home, Health & Finance Events in Washington DC, Miami and Chicago. Housing stability loans are a new and innovative way to help renters fill the gaps in cash flow while renting. They can be used to stabilize rentals and help build credit to expand access to renting or buying a home.
“Together, we have the opportunity to solve a significant consumer challenge by scaling access to temporary loan assistance and preventing evictions, and homelessness,” said Ali Solis, President and CEO of Make Room.
During Home, Health & Finance in Chicago, CBA will showcase Self-Help Credit Union, which offers loans between $500-$1,000 to help renters cover the costs of security deposits, move-in expenses, help keep up with bills and avoid eviction. They partner with community-based organizations that can offer financial education and coaching support to low-income renters.
“Research shows that just $1,200 per household can prevent homelessness, eviction, or foreclosure for thousands of struggling families,” said Hala Farid, Senior Vice President of Citi Community Development.
The event aims to help renters stabilize their housing, build credit, receive free health assessments, and connect with resources to improve overall health and financial wellbeing.
Register today by clicking here.
About Make Room, Inc.
Make Room, the nation’s leading organization working to address the rental housing crisis in America, gives voice to struggling renters and seeks to elevate affordable rental housing on the national agenda. We’re advocating for better policies and telling the stories of real families who can’t make rent today. Make Room’s goal is to engage 1 million renters on our online platform to send 1 million messages to elected officials by 2020. Home, Health and Finance is one way of reaching that goal while providing renters with needed resources aimed at improving their circumstances.
About Citi Community Development
Citi Community Development leads Citi’s commitment to financial inclusion and economic empowerment for underserved individuals, families and communities across the U.S. Through innovative collaborations with municipalities, community groups and leading nonprofit organizations, we harness the institution’s expertise, products and services to help expand opportunity for all.
Additional information may be found at http://citicommunitydevelopment.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About Credit Builders Alliance
Credit Builders Alliance serves as a unique and vital bridge between our nonprofit members and the major credit reporting agencies (CRAs). Through this support, CBA helps people who are outside the financial mainstream build credit to achieve their goals and enjoy financial security for themselves and their families. Our core services, CBA Reporter and CBA Access, provide nonprofits with both the ability and critical technical assistance to report loan data to the CRAs and to pull low-cost client credit reports for the purposes of financial education, outcome tracking and underwriting.
About Self-Help Credit Union
Our mission is to create and protect ownership and economic opportunity for all. We do this by providing responsible financial services, lending to small business and nonprofits, developing real estate and promoting fair financial practices. While our work benefits communities of all kinds, our focus is on those who may be underserved by conventional leaders, including people of color, women, rural residents and low-wealth families and communities.
FOR IMMEDIATE RELEASE
Media Contact: Zayda Rivera at 347-949-3365, zrivera@3LCommunique.com