Bridges

Bridges Fall 2017

Bridges is a quarterly review of regional community and economic development issues, projects and regulatory changes for practitioners from community-based organizations, as well as for Community Reinvestment Act officers, academics and government of

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P.O. Box 442 St. Louis, MO 63166 Taxpayer Assistance Program in Kentucky The Housing Partnership Inc. (HPI) has a taxpayer assistance program available to help homeowners with property tax bills in Jefferson County, Ky. Eligible homeowners will have their property taxes paid and will no longer be considered delinquent with Louisville Metro Government. Homeowners will be provided with one-on-one counsel- ing sessions to review the homeowner's budget and to determine eligibility and repayment terms. Some requirements include: • Homeowner must demonstrate a need for assistance. S P A N N I N G the Region The region served by the Federal Reserve Bank of St. Louis encompasses all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. • Past-due taxes must not exceed $2,500 for the property. • Property must be owner-occupied (no investment properties). • Total liens on the property cannot exceed $200,000. • There is a maximum of two liens per owner-occupied property. • Homeowner must provide a completed application and all required supporting documents. • Homeowner's liquid assets cannot exceed $5,000. For more information, call HPI at 502-585-5451. Memphis Selected to Replicate Financial Empowerment Center Model The Cities for Financial Empowerment Fund (CFE Fund) has announced plans to dramatically scale the Financial Empow- erment Center (FEC) model through their new FEC Public platform—launched with $7.75 million from Bloomberg Philanthro- pies—bringing this proven model of free financial counseling to up to 50 local govern- ments across the country. They recently announced that Memphis, Tenn., is among the first cohort of 12 local government part- ners selected to replicate the FEC model for their low-income residents. The FEC model helps individuals manage their money, pay down debt and increase their savings, build their credit and open bank accounts, helping them become more financially stable. For more information, contact Tamara Lindsay at TLindsay@cfefund.org.

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