CredAbility has a history of reaching the most financially vulnerable people in the communities we serve.

Featured Program: New Program to Help New York City Families Maintain Homeownership

CredAbility is working with Habitat for Humanity of New York City and the Citi Foundation to improve the financial health of new homeowners. This summer, CredAbility will launch a pilot program in the form of a financial education website that will help clients learn and implement strategies for managing their new housing expenses. Created specifically for new Habitat for Humanity homeowners, the program’s goal is to prevent mortgage delinquencies and foreclosures. Development of this Website and curriculum was made possible through a generous grant from the Citi Foundation. CredAbility hopes to expand the program by working with other Habitat for Humanity chapters across the nation.

The Website will provide New York City Habitat homeowners with an online community of eight financial education classes, as well as financial tools and calculators. The courses teach strategies for financial planning, budgeting for housing and condominium expenses, preparing for financial emergencies and creating a plan to pay off debt. The classes are customized for New York City homeowners and include information regarding community resources for residents in need. Participants who are experiencing financial crisis situations will be encouraged to contact CredAbility for in-depth, one-on-one counseling. After completing the courses, Habitat homeowners will receive a certificate which may be used to redeem prizes and other incentives.

This program has sparked interest from other Habitat for Humanity offices around the country. “We are very excited to be working with new homeowners through this program,” said Mechel Glass, CredAbility Director of Education. “This program allows CredAbility to help families before they find themselves in financial crisis, while encouraging them to build a stable financial foundation for themselves and their children’s futures.”