CAAB Provides Testimony to DC Council's Committee on Human Services re DC Flexible Rent Subsidy Program and EITC Awareness
On April 10, 2019, Martin Booker, Senior Program Manager at Capital Area Asset Builders (CAAB), provided testimony re CAAB's partnership with the DC Department of Human Services (DHS) and the impact in the lives of low-income Washingtonians of the CAAB-managed DC Flexible Rent Subsidy Pilot Program. Furthermore, CAAB also raised awareness of the economic power of the Earned Income Tax Credit for the benefit of low- and moderate-income Washingtonians.
DHS is a key partner of CAAB's financial empowerment work in the District of Columbia. As stated by Mr. Booker, "In leading the operations of this pilot program, CAAB has been able to learn about how DC Flex rent has benefited the lives of the participants. One participant stated that the first year of Flex Rent has allowed her to catch-up on her bills, increase her credit score and provide financial stability for her family. We have seen that participants are able to maintain on-time rent payments throughout the year. As stated by one participant “After continuously paying rent on time due to the Flex Rent funding, I did not want to begin paying my rent late again.” The families in the program have goals of funding their children’s college education, buying homes or raising their children in a safer community. The flex rent program is making these possibilities more attainable. While Flex Rent will provide stability, we believe that this program can assist with upward mobility for participants as well."
To read CAAB's testimony, please see the attached document.
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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