Gaining Financial Security through Housing

This Prosperity Now brief describes how three types of housing organizations have started to integrate financial capability services into their housing programs. Those housing organizations include affordable housing developers, public housing authorities, and housing counseling organizations, and they most frequently offered financial education or one-on-one financial counseling and coaching. Through interviews, the authors found that these housing organizations are started to offer financial capability services either in-house or through partnerships, but they face challenges in implementing those services. Lack of staff capacity, the need for training, and having enough resources available to offer financial capability services are the challenges that housing organizations face. Despite these challenges, housing organizations stated that helping clients proactively address their financial concerns can reduce the need for evictions.