Tuesday, December 8th, our Horizons Leadership team met in Chewelah with other Stevens County Horizons Community Leaders to determine if our county is interested in forming an asset building coalition and to hear from Paul Knox. Paul is from the Washington Asset Building Coalition and he presented information about asset building, local coalition actions, and future state funding opportunities available to communities interested in forming coalitions, whose collaborative efforts help individuals and families build savings and become financially independent.
Coalition partners generally include financial institutions, community action and social service agencies, housing and micro-enterprise groups, local funders and government organizations.
There are currently 15 coalitions throughout Washington working in partnership on activities such as:
* Promoting the Earned Income Tax Credit (EITC)
* Offering Individual Development Accounts
* Developing and promoting lending policies for asset building
* Promoting savings, banking and debt reduction
* Expanding financial literacy opportunities and outcomes
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