Louisville Recognized as National Leader in Addressing Financial Needs of Families
National League of Cities report cites success in meeting emerging needs of disabled community
The National League of Cites (NLC) highlights Louisville as a leader in addressing the financial challenges of their residents. In a new report, the NLC credits leaders in Louisville and several other cities for offering financial inclusion programs addressing topics such as building assets, reducing debt and preventing foreclosures and evictions.
The report, City Financial Inclusion Efforts: A National Overview, specifically highlights Louisville’s work with the National Disability Institute’s LEAD Center which addresses the emerging needs of the disabled community.
NLC collected information from 118 cities via an online survey, interviewed 23 survey respondents and sponsored a roundtable with 13 cities, including Louisville, to understand how communities are addressing the financial challenges their citizens experience – specifically availability of financial education and counseling, accessibility of safe and affordable financial services and the implementation of other innovative programs to help families build financial stability.
“We are committed to providing access to financial services for all of our residents, in all neighborhoods, representing all socio-economic backgrounds," Mayor Greg Fischer said. “I applaud our Community Services’ team for creating a user friendly model to integrate financial empowerment community-wide.”
Louisville Metro Department of Community Services’ Advocacy & Empowerment Division provided data for the survey. The division coordinates initiatives including Bank On Louisville, a program designed to help the unbanked and underbanked and the Community Financial Empowerment and Training Certification.
Following an assembly in May 2014, representatives from disability, employment, financial services, workforce and asset development agencies formed the Workforce Development/ Financial Empowerment (WD/FE) Integration Collaborative in Louisville which focuses on the integration of financial empowerment services and opportunities within the workforce development system. Visit http://louisvilleky.gov/government/community-services/workforce-development-financial-empowerment-collaborative to learn more about this collaborative.
For more information about the Department of Community Services, visit www.louisvilleky.gov/communityservices.
NLC’s report was made possible with support from MetLife Foundation.
The National League of Cities (NLC) is dedicated to helping city leaders build better communities. NLC is a resource and advocate for 19,000 cities, towns and villages, representing more than 218 million Americans.