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| Ranking |
Good Idea |
| Description |
The goal of SparkPoint is to help low-income families create step-by-step plans to help them get out of poverty and achieve long-term financial stability. The program acknowledges that long-term changes take time to initiate and maintain, thus they commit to working with each family for up to three years to help them achieve their goals. Services available to clients include: credit counseling/repair, job placement/training, career development, higher education, entrepreneurship training, business development, benefit screenings, individual development accounts, home ownership, and tax preparation. |
| Goal / Mission |
The goal of SparkPoint is to help low-income families create step-by-step plans to help them get out of poverty and achieve long-term financial stability. |
| Results / Accomplishments |
At one SparkPoint Center, clients who participated in two or more services had a 65% success rate, compared to 17% for clients who participated in only one service. Success is defined using four outcomes: (1) having a livable income that reaches the Self-Sufficiency Standard, (2) having a good credit score of 650 or above, (3) accumulating savings that equal to three months of living expenses, and (4) reducing debt to less than 40% of monthly income. |
| Categories |
Economy / Investment & Personal Finance
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| Organization(s) |
United Way of the Bay Area |
| Date of Implementation |
2009 |
| Geographic Type |
Urban |
| Location |
City: San Francisco Bay Area, CA |
| Primary Contact |
885 69th Ave., Suite 102
Oakland, CA 94621
(510) 969-8774
http://www.uwba.org/our-work/sparkpoint/
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| Target Audience |
Families, low-income |
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