The Financial Opportunity Center (FOC), through partnerships with the Local Initiatives Support Corporation (LISC), United Way THRIVE, financial institutions, and community organizations, provides services for Houston’s low to moderate income refugee, immigrant, and other underserved populations. These services include employment and career planning, financial literacy and coaching, and public benefits eligibility assistance.
Through one-on-one coaching and utilizing a bundled services approach, the FOC staff not only help clients improve their financial stability, they assist them in making marked gains in income, job retention, home ownership, small business development, and more.
The Alliance also offers small business financing opportunities through the FOC. The Alliance is a micro-lender through the Small Business Administration, offering micro-loans up to $35,000 for business owners looking to grow and entrepreneurs looking to finance their start-ups.
Growing wealth and financial literacy is not simply a matter of reading a book. Through these proven, strategic programs clients have the opportunity to achieve their financial dreams.
Take a look below at the current opportunities being offered through the Financial Opportunity Center.
The Alliance Impact: Mam’s Story
When Mam first entered The Alliance FOC in January 2018, she was working part-time as a caregiver and had to rely on family members and friends to make ends meet. She participated in the CNA training course through The Alliance FOC and obtained her state CNA certification, despite having a car accident during the course of the training. She actively participated in our financial and career coaching and utilized other resources provided by the FOC. With support from the FOC, she was able to land a full-time job as a CNA making $10.25 per hour, allowing her net monthly income to move from -$800 to $77. She also earned a FICO score for the first time, earning a score of 676. Having achieved her first goal, she now plans to enroll in the IDA savings program to help pay for her future LVN classes.