On Tuesday Mayor Martin J. Walsh announced the launch of two new programs to help low- and middle-income families grow their wealth: Boston Builds Credit and Bank On Boston. “In Boston, we believe that a great city is one that
A study released today by the Mayor’s Office of Financial Empowerment (OFE) finds that the Financial Check-Up (FCU) – a light-touch, one-on-one credit review – can make a dramatic impact on residents’ financial well-being in a short amount of time. A randomized, controlled trial of hundreds
Santander Bank and the Mayor’s Office of Financial Empowerment (OFE) have announced that the Boston-based bank will provide a $200,000 grant in support of OFE’s financial education and economic development work for city residents. The OFE will use the grant
Too many adults fail to appreciate the value of good credit until they’ve suffered the consequences of poor or no credit: diminished opportunity for jobs or housing, exorbitant loan or interest rates, limited access to further credit. But could these
Today, ten graduates completed the Bridges to Careers program, which prepared them to enter rigorous job training with BEST Hospitality Training Center. See the photo gallery below for glimpses of their celebration. Or learn more about Bridges to Careers, run by Mayor Walsh’s
Caroline Sande stood in front of the graduates of the Bridge to Culinary program at their December 9th ceremony in Roxbury as a prime example of someone who made the most of the opportunity she’d been given. Just six months
When they walk into Maria Chavez’s Boston Housing Authority (BHA) office, many public housing residents come fatigued by the challenges of poverty, stress, and the uphill battle to improve their situation. Maria embraces them – anyone who enters her office,
The Office of Financial Empowerment (OFE), a division of the Mayor’s Office of Workforce Development, recently launched a first-of-its-kind credit-building program for young adults ages 18-28. Over the course of a year, the program aims to introduce young people to the
The first Boston Youth Bank Day on July 27 was a huge success! Hosted by the Mayor’s Office of Financial Empowerment and the Department of Youth Engagement and Employment, Youth Bank Day 2015 sought to connect Boston summer youth employees