Emmanuel House is a non-for-profit organization that aims to break the cycle of working class poverty. It serves impoverished and working-class families, allowing them to begin saving money through a rent program and "Networked Savings". It has been regarded as a highly successful and innovative solution to working class poverty, and has received attention from people such as Illinois Senator Dick Durbin.
The program allows families to live in a house owned by Emmanuel House and pay their usual fair rent fee, yet after 18 months the family is given back a year's worth of rent as savings - in some cases, enough to allow them to put a down payment on their first home.
Home ownership has long been known as a "pathway out of poverty", and families that own homes are as much as twelve times more wealthy than rent-paying families after a decade.
Video Emmanuel House
References
- "DICK DURBAN VISITS EMMANUEL HOUSE | Richard R. Guzman". richardrguzman.com. Retrieved 2014-05-07.
- "Emmanuel House | About Us". emmanuelhouse.org. Retrieved 2014-05-07.
- "Emmanuel House | How it Works". emmanuelhouse.org. Retrieved 2014-05-07.
- "Emmanuel House | Breaking the Cycle of Working-Class Poverty through Homeownership". emmanuelhouse.org. Retrieved 2014-05-07.
- "Seeds of Change | Richard R. Guzman". richardrguzman.com. Retrieved 2014-05-07.
- "Emmanuel House & Bryan House | Richard R. Guzman". richardrguzman.com. Retrieved 2014-06-01.
Source of the article : Wikipedia
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