CAAB

Investing in People, Strengthening Communities

CAAB and Project Empowerment Celebrate 1 Year of Partnership

Thanks to the support from Citi Foundation, for the past year, CAAB and Project Empowerment have partnered to provide financial education classes and one-on-one financial coaching to low- and moderate-income residents of the District of Columbia participating in the program and who face multiple barriers to employment.
CAAB and Project Empowerment Celebrate 1 Year of Partnership

A CAAB financial coach during a one-on-one financial coaching session with a Project Empowerment participant.

CAAB and Project Empowerment Celebrate 1 Year of Partnership

Capital Area Asset Builders (CAAB) and Project Empowerment recently celebrated the 1-year milestone of their partnership.

Thanks to the support from Citi Foundation, for the past year, CAAB and Project Empowerment have partnered to provide financial education classes and one-on-one financial coaching to low- and moderate-income residents of the District of Columbia participating in the program and who face multiple barriers to employment.

"The partnership between Project Empowerment and CAAB has allowed participants to realize the personal responsibility they bear in securing a positive financial future," said Charles Jones, Associate Director of Project Empowerment. "The combination of the “Can I Afford My Life” curriculum and the one-on-one financial counseling has provided a solid foundation for participants to build upon. So many participants begin Project Empowerment without any knowledge of the importance of credit, the importance of budgeting or the ease of opening a bank account. CAAB not only impresses upon them the importance of owning their financial future, but also draws the correlation between long-term employment and fiscal stability that can lead to entrepreneurship,  home-ownership,  or some other goal that is oft thought to be a piece of the American Dream. CAAB’s influence on Project Empowerment participants has been invaluable as evidenced by an increase in employment retention rates, an outcome the program has long sought to improve upon.

"CAAB is very proud of our partnership with Project Empowerment," said Rich Petersen, CAAB's Executive Director. "It is our goal that a continued partnership between CAAB and Project Empowerment can only serve to produce additional positive outcomes as participants continue to be empowered to pursue financial success despite any barriers they may face."   

 


About Capital Area Asset Builders

Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.

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About Project Empowerment

Project Empowerment is a transitional employment program of the District of Columbia Department of Employment Services that provides job readiness training, work experience, and job search assistance to District residents who face multiple barriers to employment. Participants attend an intensive, three-week training course and upon completion have the opportunity to be placed in subsidized employment for up to six months. In addition to job readiness training and job search assistance, Project Empowerment provides supportive services such as adult basic education, job coaching and occupational skills training. The goal of Project Empowerment is for participants to secure permanent, unsubsidized employment.

How to give

Now, more than ever, non-profits like Capital Area Asset Builders (CAAB) need your help. Please support CAAB as we continue to help DC residents manage and/or improve their financial situation during these difficult times. If you can't afford to give a monetary gift, please visit our Amazon Wish List where you can choose from a variety of items that CAAB needs in order to better serve our community.

or send a check or money order to
Capital Area Asset Builders (CAAB)
c/o Joseph Leitmann-Santa Cruz, CEO & Executive Director
1100 H Street NW, Suite 200
Washington, DC 20005