Mutual Housing California, the Sacramento-based nonprofit developer of affordable housing communities, has received $30,000 from Citi Community Development, a division of Citibank. Officials said the funds will be used to expand the nonprofit’s financial education programs.
In 1997, Mutual Housing initiated a financial education program to help residents improve basic personal finance skills and increase their access to educational opportunities and employment.
Officials said the new funding will help groups identify their own learning goals and participate in planning and research for the sessions, including local financial experts speaking on various topics. The approach is based on the work of the Family Independence Initiative, an Oakland-based nonprofit.
More information can be found at www.mutualhousing.com, or call (916) 453-8400.
Call The Bee’s Mark Glover, (916) 321-1184.