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MISSION: To increase the supply of decent affordable housing provided by nonprofit organizations to low and very low income families through coordination among nonprofits to enhance capabilities, expand funding opportunities, maximize training, and develop new partnerships.
Time (Min) Agenda Item 8:00-8:30 Networking between members and guests 8:30-8:35 Introduction of members/guests (Katie Porta) 8:35-8:40 Approval of minutes 8:40-8:50 Program -- Asset Building Tools for Low Income Households -- Task Force -- HUD 9:15-9:30 Other Items: County HAC Report City of Orlando HAC Report Counseling Collaborative New Business: Review correspondence Next membership meeting -- Wednesday, June 26, 2002 @ 8:30 am Adjourn (TOTAL MEETING TIME -- 1 HOUR AND 45 MINUTES)
The City of Orlando, 400 S. Orange Avenue, Orlando, FL 32801
Located at northwest corner of South Street and S. Orange Avenue
The meeting may be located on the second floor - Conference Room
Future Meeting Schedule for 2002:
July 31, August 28, September 25, October 30, November 27, No December Meeting
Goal 1. To educate the entire community on the role of the nonprofit sector as an important partner in the housing delivery process. a. Communicate housing and nonprofit needs to local area government b. Develop quantifiable goals for the Roundtable to allow for evaluation of this organization's effectiveness. c. Invite guest speakers to speak monthly. Pick out topic relevant to nonprofit housing providers (i.e. management, development, underwriting) and have speaker make 30 minute presentation. Goal 2. To pool skills and resources of nonprofit housing producers and housing support agencies a. To use the nonprofit Roundtable to gain organizational and functional strength to achieve our mission by convening regular meetings to share information, and to plan and coordinate activities of the participating nonprofits b. To evaluate and prepare an annual plan that quantifies projects and funding needs of the participating nonprofits and prepare joint funding support request to the various funding entities c. To promote and support emerging nonprofit housing organizations. Goal 3. To pursue various partnership opportunities and linkages with for-profit developers and builders. a. Strengthen relationships between nonprofits and private sector b. To become active participants in the Homebuilder's association to cultivate support of for-profit developers and builders and to seek out opportunities for joint-ventures, other business relationships and mentoring. Goal 4. To pursue activities that would increase the availability of low cost funds to nonprofits. a. Subscribe to legislative, funding resource. Monitor and report on upcoming funding programs. b. Develop calendar of funding source with contact, deadline and summary information. Goal 5. To pursue activities that would encourage governments to provide grants and loans to nonprofits for technical assistance and housing production.
Nonprofit Housing Roundtable
Meeting Minutes from May 29, 2002 Meeting
Agenda Item 1 - Money Smart Program
The Federal Deposit Insurance Corporation (FDIC) recognizes the importance of financial education, particularly for people with little or no banking experience. That's why we created Money Smart, a training program to help adults outside the financial mainstream enhance their money skills and create positive banking relationships.
Financial education fosters financial stability for individuals and for entire communities. The more people know about credit and banking services, the more likely they are to increase savings, buy homes, and improve their financial health and well being. The Money Smart curriculum helps individuals build financial knowledge, develop financial confidence, and use banking services effectively.
The Money Smart program may be used by banks and other organizations interested in sponsoring financial education workshops. Collaboration is important to the success of any education effort. The FDIC encourages banks to work with others in their communities to deliver financial education and appropriate financial services to individuals who may be unfamiliar with the benefits of having a relationship with an insured depository institution.
The Money Smart program can help banks fulfill part of their Community Reinvestment Act obligations. The Community Reinvestment Act of 1977 (CRA) encourages federally insured banks and thrifts to help meet the credit needs of their entire community, including areas of low- and moderate-income. When a bank's CRA performance is reviewed, the institution's efforts to provide financial education and other retail services are a positive consideration.
FDIC staff is available to provide technical assistance and to help facilitate partnerships among interested parties.
The Money Smart program is a set of 10 instructor-led training modules covering basic financial topics. The subject matter begins with a description of deposit and credit services offered by banks and moves progressively to topics such as choosing and maintaining a checking account, the mechanics of budgeting, the importance of saving, and how to obtain and use credit effectively.
Each training module includes a comprehensive guide for instructors and a take-home booklet containing highlights and resource material for class participants. The instructor guides have everything necessary to begin teaching the program right away - easy to follow cues and script, overheads, and interactive class exercises. The booklets for participants are provided in a camera-ready format so that each sponsoring organization can reproduce them as needed.
The Money Smart program is designed to consume about 60 minutes of classroom time per module. A few topics, such as the module covering checking accounts, are longer.
The FDIC provides the Money Smart curriculum to interested parties free of charge. A limited number of copies will be available to each party; however, the materials are easily reproduced and have no copyright restrictions.
The Money Smart Training Modules
| Bank On It - an introduction to bank services | Keep It Safe - your rights as a consumer | |
| Borrowing Basics - an introduction to credit | To Your Credit - how your credit history will affect your credit future | |
| Check It Out - how to choose and keep a checking account | Charge It Right - how to make a credit card work for you | |
| Money Matters - how to keep track of your money | Loan To Own - know what you're borrowing before you buy | |
| Pay Yourself First - why you should save, save, save | Your Own Home - what homeownership is all about |
While the modules as listed here increase in complexity, they may be presented in any order or in any combination depending upon the interests and knowledge level of the targeted audience.
This concludes the end of the meeting minutes. The next meeting will be held on Thursday, June 26th.
The Roundtable is pleased to welcome Thomas Burt and George Mensha from the Florida Housing Finance Agency. These two individuals will address FHFC's single family bond program. The second speaker is Ms. Pat rice form the Orlando Public Housing Authority who will update members on programs and services provided by the Authority.
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