Foothills United Way is working in partnerships to provide attainable housing to everyone in Boulder and Broomfield Counties. Did you know that 1,500 children will experience homelessness this year in Boulder County? And only 7% of all homes in Broomfield County are affordable to families earning under $75,000 annually? Read below to see how Foothills United Way is making measurable change in our community.
City awards $100,000 to Foothills United Way for Personal Investment Enterprise program
The City of Boulder is expanding its partnership with Foothills United Way's Personal Investment Enterprise (PIE), a program addressing economic disparity by providing low-income residents with 4-to-1 matched savings grants. This funding will allow Foothills United Way, in partnership with Boulder County Community Action Programs, to continue addressing poverty by empowering individuals to have greater economic stability.
The funding will continue collaborative programming serving low-income residents pursuing post-secondary education, small business development, and home ownership. PIE is an upstream investment in our communities: by planning for the future, participants learn how to save money, open a bank account, set financial goals, purchase a home, start their own business, or continue their education.
P.I.E. has helped 120 participants become first time homeowners. Will you be next?
The Personal Investment Enterprise program (P.I.E.) was designed to help working, low-income families and individuals save money exclusively for first-time homeownership, post-secondary education, and small business development.
The savings are matched 4:1 up to $1,000 (with a $4,000 match). Participants also attend a series of 4 financial literacy classes and then an asset specific class related to their purchase goal.
This Month's highlighted LIVE UNITED Collaborative is the Broomfield Housing Opportunity Coalition.
A community is strongest when it's diverse, rich in culture, opinion and perspectives. It's the goal of the Broomfield Housing Opportunity Coalition to help us reach the goal of an accessible Broomfield for a variety of families and income levels.
A Note from Rosemary Thompson - The Director of Attainable Housing and Financial Capability
As we celebrate homeownership this month, we invite you to think about “home.” What does home mean to you? For many, it means having a safe place to relax, a place of safety and security, where you can build relationships with family and friends. Unfortunately, for some of our neighbors home and/or homeownership is not a present reality. The stability that comes with a permanent place to live often does not seem achievable in the current housing market. However, with creative programming and expert advice, homeownership can become a reality. At Foothills United Way, through the Personal Investment Enterprise (PIE) Program 120 participants have become homeowners by pairing regular saving with practical financial knowledge.
For nearly 25% of all Americans, their home is their biggest financial asset and homeownership is positively associated with children’s improved emotional and cognitive development, educational attainment, increased participation in extracurricular activities, decreased teenage pregnancy, and decreased behavioral problems. Through homeownership, families experience increased stability and positive steps toward a successful future.
Join us as we support our community in reducing the barriers to homeownership:
Through your donation to Foothills United Way, you can support attainable housing in our community.
Through your voice, you can advocate in support of measures that affect our community in housing.
Through your time, you can volunteer to help address the needs that our communities face.
Foothills United Way’s Day of Caring is the largest event of its kind in Boulder and Broomfield counties. It is held on the 2nd Friday of September in honor of the National 9/11 Day of Service and Remembrance.