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July 2020 Newsletter

Save the Dates November 5-6, 2020 for RAISE Texas’ Virtual Action Summit:

“The Roadmap to Financial Resiliency”

Hosted by the Federal Reserve Bank of Dallas

COVID-19 has disrupted lives and the financial security for low-income families and residents. Service providers report rampant job loss exacerbating pre-COVID-19 barriers faced by the poor and communities of color. Educators and community-based organizations have shifted how they connect with students and clients, magnifying the digital divide. Students and working adults are seeking upskilling opportunities to join and remain in the workforce. Moreover, emergency savings have been exhausted or were never there to begin with, which could have mitigated the impact of this economic shock. This is the reality for too many Texans. And, without an infrastructure of opportunity to prompt them up, their outlook and sense of resiliency is grim.

RAISE Texas is embarking on a journey to change this truth by creating replicable community sponsored cohorts in Texas that will lead to strong efforts to find solutions, break down barriers, and eventually build long-term financial resilience for vulnerable populations. Join us for RAISE Texas’ Virtual Action Summit on November 5-6, 2020 (9:00am – 12:30pm) to explore the three key stages to help more Texas families get on “The Roadmap to Financial Resiliency.”

  • Stage 1: Achieving Short-Term Financial Stability
  • Stage 2: Achieving Income Stability
Stage 3: Crafting Emergency Savings Accounts