The Cities for Financial Empowerment Fund (CFE Fund) is requesting applications for the second cohort of Financial Empowerment Cities.
Through the Financial Empowerment Cities (FE Cities) initiative, the CFE Fund will support cohorts of local leaders, trained in a new two-year FE Fellowship training program. Each FE Fellow will work with the CFE Fund to launch and lead a newly established local Office of Financial Empowerment, managing existing and launching new financial empowerment programs and initiatives. FE Fellows will also serve as the local government’s internal financial empowerment consultant; bring a financial stability lens to a range of related issues; and leverage their leadership role to ensure financial empowerment is central to local anti-poverty efforts. FE Fellows also will be well-positioned to bring financial empowerment services and expertise into local racial equity efforts.
Local governments (city or county) will receive grant funding, plus extensive training and technical assistance over two years, to create an Office of Financial Empowerment that institutionalizes local financial empowerment efforts. This cohort of Financial Empowerment Cities will recruit dedicated staff members who will not only lead this work locally, but also join other leaders in this space across the nation advancing the municipal financial empowerment field.