The goal of the Community Wealth department is to foster self-sufficient households by promoting wealth and asset building in East Los Angeles through financial education, counseling, and products and services. We work toward this goal through our Financial Literacy, First-Time Homebuyer, and Foreclosure Prevention Programs. The Community Wealth Department recognizes the importance that sustaining and building assets and wealth plays in improving the community, and lives of Eastside residents and their families.

Challenges
Residents from the Eastside are comprised of a high number of immigrant and non-English speaking populations. As such, they often do not have experience with and knowledge of mainstream regional financial tools and resources that promote financial stability and self-sufficiency. In addition, their in-exposure to the complex process of home buying and existing language barriers often make them vulnerable to predatory financial practices involving personal savings and homeownership. This ultimately undermines personal financial health, as well as the financial stability of the entire community. In order to mitigate these problems, we provide a comprehensive approach that incorporates financial education, counseling, and products and services.

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