Economic Opportunity Challenge

FII-National

Moving Families Out of Poverty Permanently

Using FII’s strength-based approach, the City of Chicago will invest in and learn from low-income residents about how they move out of poverty for good.

Competition Participation
EconomicOpportunityChallengelogo.png
Economic Opportunity Challenge
Subject
Economic mobility
Current Work Location(s):
  • Illinois, United States
  • Texas, United States
  • California, United States
  • Massachusetts, United States
  • Michigan, United States
  • Illinois, United States
Priority Population(s):
  • Families
  • Low-income people
Sustainable Development Goals (SDGs):
  • 1. No poverty
  • 8. Decent work and economic growth
  • 10. Reduced inequalities

Executive Summary:

The $400B invested in welfare programs annually has not made poverty escapable. FII and the City of Chicago are partnering to move low-income families out of poverty, permanently. Using FII’s approach and online platform, the City is investing directly in the strengths and solutions that low-income families and their communities already have, and removing the deficit-based criteria traditionally used to access support. Through FII’s UpTogether, families strengthen social networks, access unrestricted cash, set goals and monitor progress, and support one another in achieving mobility. On average, families that join FII increase their income by more than 20%, quadruple their assets, and form stronger social connections. As an estimated 3,000 Chicagoans make progress towards their goals—and at least 50% escape poverty permanently—the City will use the robust data collected by FII to explore policy changes to remove other barriers towards economic mobility.

Organization Details
Lead Organization

FII-National

website: http://www.fii.org
Organization Headquarters
California, United States
Organization ID
02-0784790
Annual Operating Budget
$5.1 to 10 Million
Number of Full-time Employees
26 to 50
Type
Non-profit

Charity, fund, non-governmental organization, religious institution, school, or other entity