Strategies

Provide funding for local community development activities such as affordable housing, anti-poverty programs, and infrastructure development

Offer debt advice from trained providers to tenants with unpaid, overdue rent to help repay debt and increase financial literacy

Convene small groups of families for facilitated weekly meetings that include a family meal, structured activities, parent support time, and parent-child play therapy

Provide education on basic budgeting, bank use, credit management, bankruptcy, credit building and counseling, homeownership, retirement, divorce, etc.

Require developers to reserve a proportion of housing units for residents with low incomes via mandatory requirements or incentives, such as density bonuses

Support young children who exhibit or are at risk for behavioral problems with interpersonal relationship training and parents and teachers who are trained to meet their needs

Support subsidized asset accumulation programs in which deposits by participants with low and moderate incomes are matched by program sponsors; withdrawals must be used for qualified expenses to retain matching funds

Acquire, hold, manage, and develop properties such as vacant lots, abandoned buildings, or foreclosures, and transition them to productive uses, often affordable housing developments

Provide funding via tax credits at the state and local level to support development and rehabilitation costs of low income rental housing

Support programs that provide matched dollar incentives for low or moderate income individuals to place some or all of their tax refund in a savings account