Blog Posts Categorized: Financial Empowerment http://cedam.info/category/asset-building/

Metrics that Matter (A DVC Session Preview)

Written by Brian Rakovitis, Manger of Financial Empowerment Initiatives  Data is merely a four letter word, but it can cause any organization a great deal of anxiety. Regardless the size of our organizations — from nonprofits to large corporations, from small businesses to trade associations —  it’s likely we all stress over the type of… Read more »

Foreclosure Intervention Specialist Jael Cain Shares Client Story

Written by Jael Cain Hello, my name is Jael Cain and I am an AmeriCorps Foreclosure Intervention Specialist at Wayne Metro Community Action Agency! In this position my focus is to help people who are at risk of losing their homes. This is my second year as an AmeriCorps member and it has been especially… Read more »

MFOC Members Reflect on their Year of Service

Twenty dedicated Michiganders are coming to the end of their service year with the Michigan Financial Opportunity Corps (MFOC) AmeriCorps program, a program hosted by CEDAM. Even though their service terms are only a year, the impacts the members have made on Michigan communities, the organizations at which they serve and the individuals they’ve assisted,… Read more »

Finance Can Be Fun — Host a 2018 Show Me the Money Day Event

If you’re an organization helping residents in Michigan further their financial capability, you know that combining finances and fun can be tricky. However, it doesn’t have to be! Let CEDAM help you host an engaging Show Me the Money Day event in your community. What is Show Me the Money Day? Show Me The Money Day is a… Read more »

Meet CEDAM’s New Manager of Financial Empowerment Initiatives

We are excited to welcome Brian Rakovitis, our new manager of financial empowerment initiatives, to the Community Economic Development Association of Michigan (CEDAM) team! Rakovitis has made his way back to CEDAM after starting as an AmeriCorps member through us. He served at United Way of Washtenaw County on the previously active Michigan Foreclosure Prevention Corps.  After his… Read more »

Legislation Introduced to Expand Payday Lending Products in MI

Identification, an open bank account and a steady source of income are the only three items you need to take out a payday loan. Regardless of your credit score, payday lenders give out these loans (meant to be paid by the borrower’s next paycheck) that are small, but are accompanied with mountainous interest rates. In… Read more »

Step Forward Michigan Program Helps Struggling Homeowners

Written by Chad Coffman Financial troubles can strike suddenly. An unexpected expense, sudden job loss or medical emergency can make it hard for a family to pay its mortgage, property taxes or condominium fees. Fortunately, the statewide Step Forward Michigan program can help homeowners stay in their homes by giving them the money they need… Read more »

MEIC Learning Exchange 2017 Recap

On Friday, June 16, practitioners throughout Michigan gathered in Lansing to discuss the state of their Volunteer Income Tax Assistance (VITA) Programs at the Michigan Economic Impact Coalition’s (MEIC) annual Learning Exchange. The 2017 filing season came with both new and recurring challenges: new filing software (TaxSlayer), volunteer recruitment/retention and building programs with low capacity…. Read more »

Did You Know About These Two Michigan Tax Credits?

Michigan is a unique state in many ways. Some obvious, like its magnificent topography, numerous beaches and picturesque shorelines. Some, not so obvious, like its income tax credits for low- to moderate-income households. This is one of the reasons why across the state there are free tax sites open year-round to help Michigan taxpayers file… Read more »

A Look Back at May: National Community Action Month

May was National Community Action month! Throughout May, attention was drawn to the role that Community Action Agencies have in helping low-income families achieve economic stability. Several governors and mayors around the U.S., including Michigan Governor Rick Snyder, proclaimed May “Community Action Month”. Snyder stated: “[C]ommunity action has put a human face on poverty for… Read more »