Albuquerque – Mayor Tim Keller, the Metropolis of Albuquerque, and three non-profit companions are launching a free Monetary Navigators program to assist Albuquerque residents navigate the impression of COVID-19 on household budgets and pocketbooks. The brand new program is a partnership with nationwide nonprofit group the Cities for FinancialEmpowerment Fund (CFE Fund), and native organizations NM Dream Staff and the New Mexico Coalition to Finish Homelessness.
Monetary Navigators can be found now to satisfy with residents by cellphone, offering assets to handle revenue disruptions and different monetary considerations. FinancialNavigators assist residents one-on-one to prioritize private monetary points, determine instant motion steps to handle bills and maximize revenue, and make referrals to companies offered by state and native authorities and greater than 100 community-based suppliers and companions.
“COVID-19 has completed actual injury to households who noticed revenue disappear or have been pressured to decide on between their security and their pocketbooks. There’s no one-size-fits-all resolution, so we’re offering private Navigators to assist discover the appropriate assets for every particular person state of affairs and get people in contact with the companies they want,” mentioned Mayor Tim Keller.
NM Dream Staff is offering the workers for the navigator program and has each English and Spanish-speaking Navigators obtainable. All languages will be served by way of telephonic interpretation. The New Mexico Coalition to Finish Homelessness will concentrate on serving to the hundreds of metropolis residents getting ready to dropping their housing because of the disaster.
Eduardo Esquivel, New Mexico Dream Staff Co-Govt Director, mentioned, ”NM Dream Staff is worked up to collaborate with the Metropolis of Albuquerque and the Heart for Monetary Empowerment to offer monetary steerage and helps to Metropolis residents in response to the financial impression of COVID-19. Enhancing the monetary stability of probably the most susceptible Burqueños, left behind or missed by different packages and struggling cash issues due to the pandemic, is crucial to our metropolis’s restoration.”
Residents can entry these distant companies by finishing the online type at http://www.cabq.gov/finnav or calling 311 to enroll. The Monetary Navigator will then ship a brief service settlement and name the consumer to start their private session. This system might be supported by an outreach marketing campaign that may embrace billboards, on-line adverts, social media, and tv and radio spots to advertise participation.
The CFE Fund offered grant funding together with vital technical help and coaching to launch this system in Albuquerque and different cities and counties throughout the nation. This initiative is supported by Bloomberg Philanthropies, the Citi Basis, JPMorgan Chase & Co., and the Wells Fargo Basis.
“Monetary misery is a major a part of the COVID-19 disaster, and we’re happy Mayor Keller is making this a precedence for Albuquerque residents,” mentioned Jonathan Mintz, President and CEO of the Cities for Monetary Empowerment Fund. “The Monetary Navigators program will assist Albuquerque residents assess and prioritize their monetary considerations and get related with the appropriate assets.”
In regards to the Cities for Monetary Empowerment Fund (CFE Fund)
The CFE Fund helps municipal efforts to enhance the monetary stability of households by leveraging alternatives distinctive to native authorities. By translating leading edge expertise with massive scale packages, analysis, and coverage in cities of all sizes, the CFE Fund assists mayors and different native leaders to determine, develop, fund, implement, and analysis pilots and packages that assist households construct belongings and profit from their monetary assets. The CFE Fund is at present working in over 100 cities, and has disbursed over $42 million to metropolis governments and their companions to assist these efforts. For extra data, please go to www.cfefund.org or observe us on Twitter at @CFEFund