New Jersey - To help communities learn how to save, invest and build credit, nonprofits in Hackensack and Paterson are among 10 groups receiving a slice of a $1.8 million state grant to offer free financial literacy coaching in vulnerable communities, the Department of Community Affairs announced Tuesday.
Under the Financial Empowerment Pilot Program, Greater Bergen Community Action, Inc. will receive $250,000 to provide banking services and coaching to low-income families in Bergen County, Paterson and Jersey City, and New Jersey Community Development Corporation will receive $300,000 to help 500 Paterson residents through its financial empowerment center program. Paterson Task Force for Community Action, Inc. will receive $100,000. CLICK HERE TO READ MORE
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