Financial Management Services 2023
Financial Support, Workshops, and More
Northwest Michigan Community Action Agency’s Financial Management Services
Financial Management Services (FMS) Department’s Homeownership and Financial Empowerment Center foundation is funded in part by NeighborWorks America, U.S. Department of Housing and Urban Development (HUD) and Michigan State Housing Development Authority (MSHDA). FMS provides education and counseling for low to moderate income households to achieve financial self-sufficiency.
3,306 Tax returns filed in totaling $6,802,591 in credits and refunds
81 Budget customers achieved basic needs for 90 days after learning new skills
100 Households completed Homebuyer Education workshops
22 Homeownership customers purchased a new home
65 Children participated in the Mini Money Masters program and received $50 to open their own savings account
310 Households completed budget coaching
237 Households completed Money Management workshops
185 Households attended first-time Homebuyer, Rental, or Foreclosure coaching
28 Homeowners avoided foreclosure
79 Individuals were served through the Community Services Block Grant Matched Savings Program
Client’s Story
Meet Kristina E.
Kristina E. enrolled in our Individual Development Account (IDA) program in June of 2022, and successfully saved for a down payment on her Habitat for Humanity home. In addition to receiving the grant match for participating in the IDA program, Kristina also received Down Payment Assistance from NMCAA.
Kristina shared the following:
“My experience going through the program has been great. I’ve enjoyed learning new things and touching base with someone. This opportunity has given me the opportunity to have a down payment for my first home for me and my girls. I’m very grateful.”
