Building Stronger Financial Futures:
Interim Findings from the Evaluation of LISC's Financial Opportunity Centers

Anne Roder
January 2015

 

Building Stronger Financial Futures provides interim findings from Mobility's evaluation of five Financial Opportunity Centers supported by the Local Initiatives Support Corporation in Chicago. The report describes the FOC participants and programs and assesses the organizations' ability to engage low-income job seekers in integrated employment, financial, and income support services and to improve individuals' credit use and credit scores in the first year after program enrollment. We found that:

Our findings suggest that FOCs can help low-income individuals take steps toward improving their credit histories, which could lead to better credit scores and other improvements in financial outcomes in the future. Our final report on the evaluation will examine whether the FOC program helped participants obtain jobs, increase their net income, access mainstream forms of credit, and build their net worth two years after program entry.

Read the report