Umpqua Community Development Corporation has provided four AFI grants since 2008, with the objective of expanding its IDA program to serve more rural areas.
Umpqua Community Development Corporation emphasizes homeownership, postsecondary education, and business capitalization, with the goal of expanding its IDA program to serve more rural areas in southwestern Oregon. The corporation has been successful in drawing down Federal funds, allocating Federal funds, enrolling participants, graduating participants, and developing strategies to improve the percentage of participants who make monthly deposits.
Umpqua Community Development Corporation partners with Consumer Credit Counseling Services, to provide assistance with financial education; Umpqua Training and Employment, to provide referral and appropriate career counseling; Housing Authority of Douglas County, to provide referral/collaboration with the Section 8 to Homeownership Program and referrals of TANF participants; local school administrators, to provide student referrals and facilities for financial education classes, case management, and goal-specific training; Small Business Development Center in North Bend and Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians, to provide referrals. Umpqua Community Development Corporation also partners with the Umpqua Coastal Housing Center to provide financial education for local participants, direct services for homeownership IDAs, case management, and goal-specific training.
Assets for Independence Grant History
467 IDAs have been opened.
163 participants have received financial education.
$634,712 saved by participants.
163 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $900,000
Umpqua Community Development Corporation targets residents of rural, remote, and diverse communities in 10 counties in southwestern Oregon (Coos, Crook, Curry, Deschutes, Douglas, Jackson, Jefferson, Josephine, Klamath, and Lake).
Umpqua Community Development Corporation
605 Southeast Kane Street Roseburg, OR 97470
(541) 673-4909 http://www.umpquacdc.org/