CAAB

Investing in People, Strengthening Communities

CAAB's Rich Petersen Presents to the FDIC Advisory Committee on Economic Inclusion

At the invitation from the Federal Deposit Insurance Corporation (FDIC), on October 30th, Rich Petersen, Executive Director of Capital Area Asset Builders (CAAB), presented at the semi-annual meeting of the FDIC Advisory Committee on Economic Inclusion.

CAAB's Rich Petersen Presents to the FDIC Advisory Committee on Economic Inclusion

At the invitation from the Federal Deposit Insurance Corporation (FDIC), on October 30th, Rich Petersen, Executive Director of Capital Area Asset Builders (CAAB), presented at the semi-annual meeting of the FDIC Advisory Committee on Economic Inclusion.

During his remarks, Mr. Petersen talked about the asset building and financial capability work CAAB has been doing in the Greater DC Area since 1996 and focused on the need for all asset building and financial capability organizations in the US to do more for individuals with disabilities. Furthermore, Mr. Petersen discussed two initiatives CAAB currently is involved in: ROADS to Financial Independence and CAAB in the Community.

ROADS to Financial Independence

ROADS to Financial Independence is an initiative of the Consumer Financial Protection Bureau (CFPB), through a contract managed by National Disability Institute (NDI). This initiative will serve individuals with disabilities already working or transitioning into the workforce. Participants in the initiative have the opportunity to work toward achieving financial capability through improved credit, lower debt and increased savings, as well as the ability to make more informed financial decisions.

ROADS integrates financial education counseling with employment, independent living and other support services that are being provided to individuals with disabilities.  The initiative serves the needs of economically vulnerable consumers with disabilities in six communities across the country. In 2015, the initiative will operate in the following six communities: Austin, Texas; Birmingham, Alabama; Seattle, Washington; Finger Lakes, New York; throughout the state of Delaware; and the Greater Washington DC Metro area.

Together with ServiceSource, CAAB implements ROADS in the Greater DC Area. More information on ROADS, please visit http://bit.ly/1M5iKnU

CAAB in the Community

Thanks to the support from Citi Community Development, in 2013 CAAB launched CAAB in the Community. Through this initiative, CAAB partners with community-based organizations, faith-based organizations and other community stakeholders to bring financial capability services to low- and moderate-income individuals and families throughout the Greater DC Area.

An example of bringing financial capability to the community is CAAB's partnership with the Project Empowerment Program of the District of Columbia Department of Employment Services. For over 18 months, 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.

For more information on the impact of our partnership with Project Empowerment, please visit http://bit.ly/1ihgXnj

 

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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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