Nashville gets $2M grant for financial counseling

NASHVILLE, Tenn. (AP) -- Nashville has received a $2 million grant to provide one-on-one financial counseling to low-income residents.

The three-year grant will serve an estimated 5,000 Nashvillians at Financial Empowerment Centers. Counselors will teach clients how to open a checking account, establish a credit score, maintain savings and decrease debt.

The initiative began in New York City in 2008. Since then, the program has helped more than 19,000 New Yorkers reduce their debt by more than $9 million and save more than $1 million.

According to a news release from the city, Nashville is one of five cities to receive the grant. The Financial Empowerment Centers will open in March and will be run by United Way of Metropolitan Nashville.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 186446211