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New Life Corporation (NLC), a neighborhood-oriented, faith-based organization focused on community economic development, is in the process of securing $1.2 million in multi-year funding support in order to launch an ambitious strategy aimed at building economic security among New Haven families. Our goals will be achieved through a combination of supporting and synergistic strategies in the areas of workforce development, asset-building and community investment. By combining these strategies we intend to create powerful opportunities for change for low-income working families. The strategy is built on the idea that families do better when they are connected to those services and opportunities that are critical to securing social and economic self-sufficiency. A central component of our work will be to connect interested and qualified job-seekers from the EZ neighborhoods to employment that pays family-supporting wages, provides career ladders, and opportunities for advancement.
NLC envisions helping to build a community that “works” for its residents – especially its youth. Our goal is to build a community where economic opportunities abound, social services are effectively provided to meet the needs of residents, and young adults can have confidence that they can live safely with reasonable prospects for economic security. Our ultimate goal is to foster effective neighborhood engagement – which we define as increased civic activity on behalf of improved quality of life in New Haven. We further believe that improved employment situations, coupled with rising household incomes and family stability will provide additional impetus to help NLC harness the community power of neighborhood residents.
NLC's family economic security strategies consist of enhancing people's ability to increase their personal and family income, and to build their asset base in order to move as far away as possible from the precipice of financial crisis. NLC seeks to move residents along a continuum that starts with workforce development and continues through asset-building strategies. These strategies include access to the earned income tax credit, access to mainstream consumer financial services, financial education, and asset-building tools like Individual Development Accounts (IDAs), and homeownership.
Core Strategies:
• Workforce Development
• Asset Building
• Community Investment |
