Family Economic Security Program
The Family Economic Security Program (FESP) is a holistic, integrated service program for low income families who are highly motivated to achieve financial independence. The program assists goal orientated individuals in identifying and achieving life goals; such as asset attainment, debt reduction, or education and training to obtain employment in a high demand field. The Family Economic Security Program provides case management, peer mentoring, financial counseling and barrier reduction services to eligible participants. By choosing one or more of these FESP tracks, participants develop an individualized plan for financial security.
Personal Asset Matched Saving Track
FESP participants are encouraged to save for 6 consecutive months; their savings are eligible for a 1:3 match (up to $900) toward a personal asset. For instance, a client may save $300 over 6 months or more, and will be matched $900; they now have $1,200 to purchase an asset, like a new computer or a washer and dryer.
FESP participants who are attending an authorized training or certification course receive financial assistance to help them achieve their goal. For instance, the program can assist a client in paying for C.N.A. classes, scrubs, comfortable shoes or daycare if necessary.
FESP participants who are enrolled in post-secondary education receive financial assistance to help them achieve their educational goal. For instance, the program can assist a client in paying for unpaid tuition, books, tutoring services, study aides, vehicle repairs or even eye glasses.
For more information about enrollment qualifications and requirements, call Karen Vanni at 406-454-5710 today!