FINANCIAL STABILITY

 

UWM will ensure that by 2025, 65% of residents in the Omaha-Council Bluffs community are financially stable so they can support themselves and their families.

 

 

To address the widening opportunity gaps within our community, UWM invests to improve the financial stability of individuals and families. 

Goals:

1. Help 3,500 individuals increase their earning potential through access to job skill development and post-secondary education.

2. Connect 2,500 individuals to full-time living wage employment opportunities.

3. Increase financial understanding and skills for asset development for 7,000 individuals.

The Challenge

Financially stable individuals and families lead to a more competitive workforce and a stronger community. Today over 600 local employers report that they have positions for which they cannot find qualified candidates.  It is estimated that between 8500 and 10,000 local youth between the ages of 16 and 24 are not currently in school or working.

Strategies

  • Increase level of education and/or attainment of marketable skill (e.g. employment preparedness, GED, technical certification, higher education).
  • Provide formal connection/pathways to post-secondary education and training.
  • Connect workforce development programming to Labor Market Information (e.g. part-time to full-time, level of job, type of job).
  • Leverage formal partnerships with businesses and business sectors; for employment and housing (e.g. property management, landlords).
  • Focus programming on Opportunity Youth population.
  • Target job retention and/or upskilling services.
  • Support consumer with repairing credit and increasing credit score.
  • Increase access to and utilization of traditional banking services.
  • Assist consumer with accessing public and private programs to increase assets (e.g. EITC).
  • Grow awareness and knowledge about asset building and asset protection.
  • Teach techniques of budget creation and management.
  • Improve housing retention through foreclosure prevention and financial education.
  • Increase awareness and access to free legal services that protect individuals’ assets (e.g. disability benefits, loss mitigation, clear titles, small business service wills).
Right Now in the Omaha-Council Bluffs Metro:

 

Experts estimate the number of disconnected youth in our community at between 5,000 and 10,000 youth ages 16-24 who are not connected to school or meaningful employment.

 

2012 – 2015, Based on estimates from the Brookings Institute, Social Science Research Council, and data pulled from the American Community Survey.

Right Now in the Omaha-Council Bluffs Metro:

 

About 320,000 people in our community are not financially stable, struggling every month to pay bills and ensure their basic needs are met. A third of this population is living below the federal poverty level.

 

2015, Population in the Omaha Council Bluffs MSA that is living at 250% of the federal poverty level and below.

2017 Results

2,833

young people were connected to education or employment.

 2,279

people increased their earning potential.

5,824

people received financial education.
Community Care Fund – Financial Stability Funded Programs
Adult Employment

Collective for Youth
– Train to Gain
Defy Ventures Inc.
– Defy Ventures Nebraska, Post-Release Program
Goodwill Industries Inc.
– Employment Solutions
Latino Center of the Midlands
– Adult Basic Education
Lutheran Family Services of Nebraska, Inc.
– Refugee Education and Employment Program (REEP) and Careers and Connections
Mosaic Community Development
– inCOMMON Workforce Development
Urban League of Nebraska, Inc.
– Employment and Career Services
Women’s Center for Advancement (WCA)
– Domestic Abuse/Sexual Assault Self Sufficiency Services

Asset Development

Family Housing Advisory Services, Inc.
– Pathways to Prosperity
Father Flanagans Boys Home
– Ways to Work – Pathway to Economic Self-Sufficiency
Mercy Housing Midwest
– Resident Services: 2-Generation Approach to Breaking the Cycle of Poverty
New Visions
– Homeless Services
Rebuilding Together Omaha
– Healthy at Home
Stephen Center Inc.
– Permanent Housing Transition

Youth Employment

African American Empowerment Network Inc.
– Step Up Omaha Jobs and Work Experience Program
Child Saving Institute, Inc.
– Independent Living Skills (ILS)
College Possible
– College Possible Omaha’s Core Program
D2 Center
– Youth Academic Navigator (YAN) / Reengagement Specialist
Iowa Jag Inc.
– Transforming At-Risk Students into Future-Ready Graduates
Omaha Home for Boys
– Branching Out Independent Living Program-Financial Stability Programming
Urban League of Nebraska, Inc.
– Whitney Young Academy
–Youth Emergecy Services Inc.
– Partnership for Youth Job Skill Development (Job Readiness)

SPECIAL INITIATIVES

From Our Blog

Community Spotlight: Opportunity Youth

Helping Local Young Adults Move Forward on a Path of Stability. Young adults are known to have energy, aspirations, resiliency and untapped talent. But for some, a lack of education, job skills, direction, financial stability or comprised health may lead them down a...

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Community Spotlight: Housing Stability

Helping families build a pathway out of poverty. You may be surprised to learn that almost half of the households in the Omaha-Council Bluffs metro pay 30% or more of their income on rent. For some, this means less is available for other basic needs like healthy food,...

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Breaking the Cycle of Poverty: A Multi-generational Approach

Breaking the Cycle of Poverty: A Multi-generational Approach Symposium Series: June 2017 Poverty is a complex condition that cannot be addressed with a single solution. It affects individuals, families, neighborhoods and entire communities. Its impact is felt by...

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