Did you know that 46% of the workforce in Charlotte cannot afford safe and decent housing? This means that 46% of workers are forced to spend more than a third of their hard-earned income on housing costs alone.
To make things more complicated for future homeowners, rental rates are increasing annually at a much higher percentage than wages. Even successful renters are continuing to find it more difficult to save enough for a down payment on a home of their own with high rent payments and basic living necessities.
Helping to solve these problems is the motivation behind Community Link and their efforts to promote financial literacy education and homeownership in Charlotte and 16 counties in North Carolina. In addition to programs such as their Homeless to Housing, they are proud to offer low-to-moderate income households access to their Asset Building program.
Albemarle Foundation Announces Partnership with SHARE Charlotte to Provide Mecklenburg County Nonprofits Access to New SHINE™ Initiative
Written By Michelle Boudin
When the Albemarle Corporation, a specialty chemical company, relocated its worldwide headquarters to Charlotte in 2016, the company’s leadership knew they wanted to get involved in the community in a powerful way. They tasked Sandra Holub, the Executive Director of the Albemarle Foundation, with finding the best way to make the most impact. “When we came here we wanted to make sure that the city knew we were really excited to be here and we wanted to play a positive role.”
This year’s Spotlight Series is presented by Amy and Brian France Foundation and in January we are focusing in on our local nonprofit partners who provide programming to improve financial literacy and who are helping to build a stronger economy one neighbor at a time.
Personal finances influence many of our daily decisions and nearly every aspect of our lives, making financial literacy essential for understanding how to make responsible decisions that shape a positive future.
When we talk about financial literacy, what we are referring to is the understanding of financial, credit and debt management and the knowledge that is necessary to make financially responsible decisions that are integral to our everyday lives (Investopedia).
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We have so much great news to share from our nonprofit partners about their amazing work. But, we'd love to hear from you. Let us know if you have stories you'd like to tell and we'll make you a guest blogger!!