Financial Coaching Partnership
CONSUMER AND BUSINESS AFFAIRS
1.5 Breaking the Cycle of Intergenerational Poverty
Federal Expenditure CategoryEconomic Impact Assistance: Other
06/23/2023
Anticipated End Date12/30/2024
Supported Languages
- Spanish
- Spanish
Project Contacts
-
Christian Olmos
-
Fabian Soriano
Indicators & Metrics to Date
-
Number of Non-Profits Served0
-
Number of Households Served49
-
Total Number of Families/Households Served0
-
Number of CBO's partnering with TPA.21
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Outreach to residence0
-
Number of hours of training / technical assistance (cohort)307.5
-
Number of Certified Financial Coaches trained22
-
Number of CBO grants distributed12
-
Number of Certified Financial Coaches trained22
Target Populations
Project Description
As a result of the COVID-19 pandemic, CBOs face significant challenges to increased demand for services in the face of the decline in revenue and donations. The Los Angeles County Department of Consumer and Business Affairs (DCBA) is providing training and economic assistance to Community-Based Organizations (CBOs) to help build the capacity to deliver financial coaching services to individuals in the highest and high-need communities. The purpose of the Financial Coaching Partnerships project is to establish a network of financial ambassadors to provide financial coaching and debt avoidance services to most in-need residents of Los Angeles County impacted by the COVID-19 pandemic. This project will invest $1.2 million to expand access to the Financial Coaching Certification Training (FCCT) Program to nonprofit service providers to increase the number of certified coaches who can deliver financial coaching services to support Los Angeles County residents in their economic recovery and long-term economic mobility. This project aims to ensure that the program is responsive to the negative impact caused by the COVID-19 pandemic for individuals/residents that are most severely impacted to recover economically. Specifically, to provide financial services to the unbanked, under-banked, and experiencing financial insecurity.
Goals & Objectives
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
22 | Performance | Number of CBO's partnering with TPA. | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
1 | Program Outcome | Number of Non-Profits Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
25 | Performance | Number of hours of training / technical assistance (cohort) | 66.00 | 166.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
2 | Program Outcome | Number of Households Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
3 | Performance | Total Number of Families/Households Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
6 | Program Outcome | Number of Households Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
2 | Program Outcome | Number of Households Served | 30.00 | 30.00 |
26 | Performance | Number of Non-Profits Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
23 | Service Delivery | Number of Households Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
19 | Service Delivery | Number of Households Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
8 | Program Outcome | Number of Certified Financial Coaches trained | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
5 | Program Outcome | Number of CBO's partnering with TPA. | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
9 | Program Outcome | Number of CBO grants distributed | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
21 | Service Delivery | Outreach to residence | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
4 | Performance | Number of Households Served | 30.00 | 30.00 |
Indicators
# | Type | Name | Baseline | Target |
---|---|---|---|---|
10 | Program Outcome | Number of Certified Financial Coaches trained | 30.00 | 30.00 |