Assistive Technology and Transportation Loan Guarantee Program

Assistive Technology and Transportation Loan Guarantee Program

Financial Institution Partnership Opportunity with California Department of Rehabilitation

The California Department of Rehabilitation (DOR) is seeking to identify financial institutions, including community-based nonprofits authorized to function as a financial institution, that are interested in partnering to implement state-funded Assistive Technology and Transportation Loan Guarantee programs.

The DOR has issued a Request for Information (RFI), which is not a commitment of funding, but will help the DOR develop a contracting process with one or more financial institutions to offer Californians with disabilities low-interest loans for assistive technologies, including modified vehicles. Dedicated funding to guarantee 2 percent loans is held by the State Treasurer’s Office on behalf of the DOR. By responding to this RFI, financial institutions will be added to a distribution list of interested parties.

The last day to submit a response is July 31.

The DOR’s Independent Living Section is part of California’s independent living network, which includes 28 independent living centers and the State Independent Living Council. The DOR administers the program in California and provides technical assistance and financial support for the independent living centers.

For more information, visit the DOR Assistive Technology Program page or contact Ann Bui at (916) 558-5395 or ann.bui@dor.ca.gov.

Resource Fair and Brown Bag Retirement Savings Workshop in San Francisco on August 2


DBO is hosting a Financial Resource Fair in San Francisco, CA
CPUC Courtyard, San Francisco
Wednesday, August 2, 2017 from 9:00 AM – 1:00 PM
See flyer at…
http://www.dbo.ca.gov/consumers/Education_Outreach/DBO_Education_and_Outreach_Events.asp


Nervous about retirement planning?

Join us! And bring your lunch!

CalHR Saving Plus 401k/457 Retirement workshop: Saving for the Future
CPUC Building, San Francisco
Golden Gate Training Room
Wednesday, August 2
12:00-1:00 PM
To attend the CalHR Savings Plus “Brown Bag” Workshop, register online at: http://savingsplusworkshop.myRetirementAppt.com

Learn more…

http://www.dbo.ca.gov/consumers/Education_Outreach/DBO_Education_and_Outreach_Events.asp

DBO Education and Outreach Events in Oakland, San Francisco and Fresno (and San Diego coming soon!)

Join the Department of Business Oversight (DBO) at financial education and outreach events throughout the state. The events provide an opportunity for local community-based organizations, financial institutions, and government agencies to collaborate regarding financial education, consumer protection and community outreach.

Expert insight on financial education campaigns, events, and free financial education resources…
• Banking, Saving, Retirement Planning
• Credit and Debt
• Homeownership, Foreclosure Prevention
• Consumer Protection
• And more…


Bay Area

DBO Bay Area Trainer Convening
Oakland, CA
Elihu M. Harris State Office Building
Friday, July 21, 2017 from 8:00 AM to 12:00 PM

Register: https://www.eventbrite.com/e/dbo-bay-area-trainer-convening-tickets-34342933639
See flyer.
If you would like to provide an update on your organization’s activities, please contact Alana Golden, Alana.Golden@dbo.ca.gov.
DBO is hosting a Financial Resource Fair
San Francisco, CA
CPUC Courtyard, San Francisco
Wednesday, August 2, 2017 from 9:00 AM – 1:00 PM
See flyer.

CalHR Saving Plus 401k/457 Retirement workshop: Saving for the Future
Golden Gate Training Room
12:00-1:00 PM
To attend the CalHR Savings Plus workshop, register online at: http://savingsplusworkshop.myRetirementAppt.com
See workshop flyer.

Central Valley

DBO Trainer Convening
Fresno, CA
Fresno City Hall
Friday, September 1, 2017 from 8:00 AM to 12:00 PM
Register: https://www.eventbrite.com/e/dbo-trainer-convening-tickets-35084707304
See flyer.
If you would like to provide an update on your organization’s activities, please contact Alana Golden, Alana.Golden@dbo.ca.gov.

Note: DBO conducted a Trainer Convening in Sacramento on March 10 and in Los Angeles on June 20 as well as a resource fair at the State Capitol on June 16. A resource fair will be scheduled in San Diego TBD.

Also see DBO’s Google Calendar for Education and Outreach Events

 

New Law Helps Put Kids From Low-Income and Middle Class Families

New Law Helps Put Kids From Low-Income and Middle Class Families

on Path to Higher Learning

Governor Brown Signs Every Kid Counts Act to Incentivize California Families

to Save for College with ScholarShare

 

SACRAMENTO – Low- to moderate-income California families will get help saving for college thanks to legislation supported by State Treasurer John Chiang and signed by Gov. Jerry Brown.

The Every Kid Counts Act, authored by Assemblymember Phil Ting (D-San Francisco), provides $3 million in funding to create the Every Kid Counts College Savings Matching Grant Program. Eligible participants of the program will receive a dollar-for-dollar match contribution of up to $200 in college savings.

“Through underinvestment and, even worse, apathy, we are pricing ourselves out of the California Dream.  At a time when the wealth gap between the haves and the have nots has seemingly turned into a hopeless chasm, California must re-imagine new and cost-effective ways for its citizens to afford a decent home, a college diploma and a dignified retirement,” said Chiang.  “With the support of the Governor and the lawmakers, my office will now begin incentivizing thousands of low- to moderate-income families to get in the habit of socking away a few dollars each month, with an eye toward making a college degree a reachable dream for their children.”

Research shows that children with savings accounts, however small, are seven times more likely to attend and graduate college.

The ScholarShare Investment Board, which oversees ScholarShare, California’s 529 college savings plan, will administer the program.

“The Every Kid Counts Act is a significant step forward in the effort to help bring greater educational attainment to those families who need it the most,” said Chiang, chair of the ScholarShare Investment Board. “Faced with skyrocketing tuition, we must empower California families to save, invest, and plan for their children’s futures.”

According to a Pew Research Center study, individuals with a college degree are outperforming their peers with only a high school diploma on virtually all economic measures. The current difference in annual earnings between millennials with a bachelor’s degree and those with a high school diploma is $17,500. A substantial increase from only four generations ago when that difference was $7,500, the study shows.

The signing of the legislation reflects the ongoing commitment of California and its state-sponsored college savings investment plan, ScholarShare, to develop innovative programs to even out the educational and economic playing field. By encouraging families to save for future college expenses, the hope is that more children will go to college and enjoy greater economic opportunities.

To learn more about the Every Kid Counts Act, visit http://treasurer.ca.gov/scholarshare/index.asp.

For more news, please follow the Treasurer on Twitter at @CalTreasurer, and on Facebook at California State Treasurer’s Office.

Are you ready to buy your first home? Contact CalHFA

Are you ready to buy your first home?

Fill out this short online questionnaire if you’d like to speak with a CalHFA First-Time Homebuyer representative or get a referral to a CalHFA-Approved Loan Officer who can get you started on your homebuying journey.

https://wp12.calhfa.ca.gov/LeadsContactForm/

 

July is designated as National Military Consumer Protection Month!

July is designated as National Military Consumer Protection Month!

Make each day of this Military Consumer Protection Month a step forward on your path to being a smarter and safer consumer by exploring the resources below:

Military Consumer is a joint initiative by federal and state agencies, consumer advocates, and military support groups from around the country, to empower active duty and retired servicemembers, military families, veterans and civilians in the military community.  See  https://www.military.consumer.gov/

 

The California Department of Business Oversight (DBO) is proud to support our troops who work hard every day to protect our freedoms. Visit DBO’s website “Troops Against Predatory Scams” (TAP$) page for educational materials developed to inform troops about financial scams and predatory lending.

 

 

California Financial Resource Fair at the State Capitol on June 16

California Financial Resource Fair at the State Capitol on June 16

Thank you to all the agencies that participated in this year’s resource fair.

Photo Gallery

    

PG&E Energy Assistance Agency and CARE program

PG&E Energy Assistance Agency and CARE program

Did you know that there are agencies in your area that could help provide you or your client with assistance in paying your utility bill?

California Alternate Rates for Energy (CARE) customers are automatically eligible based on federal income guidelines to receive an assistance agency pledge so long as they have not received a recent pledge within the agency specified time frame.

Go to www.pge.com/assistance to learn more about PG&E’s CARE program and other assistance programs that can help you pay your energy bill.

Additional programs:

Learn about avoid the surprise of a high bill by signing up for Bill Forecast Alerts:

www.pge.com/energyalerts

Receive early warning notifications for high usage alerts when your usage is projected to trigger a surcharge:

www.pge.com/highusage

GO-Biz California Small Business Month Kick-Off at the State Capitol – May 1

California Small Business Month

Kick Off Press Conference

May 1, 2017

California State Capitol, South Steps – 9:00 a.m.

CFE Fund Announces New Funding Opportunity: Bank On Fellowship!

The Cities for Financial Empowerment Fund (CFE Fund), with the generous support of Wells Fargo, announced a new, multi-city Bank On Fellowship opportunity!

Through this Fellowship, the CFE Fund will provide match funding of up to $45,000 per year for two years to as many as five Bank On coalitions to support a full-time staff position (a Fellow) to lead their coalition’s activities. In addition, the CFE Fund will provide intensive in-kind technical assistance support, training, and resources individually and to the cohort of Fellows and host coalitions, and will assist coalitions with additional fundraising for long- term sustainability.

Since 2005, cities across the country have adopted municipal banking access programs, leading to the opening of more than half a million new transactional accounts. However, it is clear that dedicated, full-time staffing resources are a critical element of coalition success. A lack of these resources often hampers their ability to achieve momentum and success, and leaves the field lacking in a pipeline of professionals proficient in sustainable banking access and municipal integration strategies.

The CFE Fund seeks proposals from Bank On coalitions looking to work with us and a cohort of others to build out and professionalize their banking access and financial inclusion efforts. Coalitions must be committed to supporting the efforts of, and matching the funding for, a dedicated Fellow to coordinate their work ensuring that their residents have access to safe and affordable financial products and services.

The CFE Fund will hold an informational webinar on this opportunity on Tuesday, May 2, 2017; applications are due by Friday, June 2, 2017. For more information and to apply, visit the CFE Fund’s online grant portal. If you have questions on this Fellowship opportunity, contact David Rothstein, Principal.

The Cities for Financial Empowerment Fund

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