cover
TO: Mayor Richard c. Irvin
FROM: Behati Hart, Director Innovation & Strategy
DATE: April 4, 2022
SUBJECT:
A Resolution approving a new contractual agreement for The Neighbor Project (TNP) to continue as a service partner to the Aurora Financial Empowerment Center (FEC) through December 2022 and to allocate $247,272 of budgeted funds for The Neighbor Project (TNP), with up to two (2) one (1) year extensions.
PURPOSE:
Since 2019, The City of Aurora Financial Empowerment Center, the only existing model in the State of Illinois, has committed to providing free, one-on-one financial counseling to low and moderate income residents, delivered by professionally trained counselors. The Neighbor Project (TNP) has successfully served as our program partner by elevating our FEC program services, developing trusted relationships with their clientele and local community organizations. TNP has also been instrumental to the vision and evolution of our future programming. To alleviate the impact caused by a break in financial counseling services at the FEC, and to sustain our commitment to our resident's economic mobility, a new contractual agreement has been developed to maintain continuity of FEC services with TNP through December 2024).
BACKGROUND:
On December 17, 2019, City Council approved a resolution to accept a two-year matching grant from the Cities for Financial Empowerment (CFE) to create a Financial Empowerment Center (FEC) in the city of Aurora (ref. R19-412). Under the agreement with CFE, The Neighbor Project (TNP) was identified as the community-based organization to lead CFE counseling standards. In December 2021, council approved an amendment to the original agreement between CFE and FEC to extend grant related services ending the cohort on April 30, 2022 (ref. R21-376). Council also approved an extension of the original contractual agreement with TNP to continue services to the FEC and to allocate $100,485 of budgeted funds for TNP through April 30,...
Click here for full text