Tag Archive for: Community Asset Building Initiative

CRT Joins Talk of Connecticut to Share Updates for the New Year

CRT’s Communications Director, Jason Black, joined morning host Gary Byron (shown above) on the Talk of Connecticut (WDRC 1360 AM) to share multiple updates about CRT programs and services, including:

  • The new Community Asset Building Initiative (CABI) partnership program with Liberty Bank to help people in Hartford and Middlesex Counties achieve the dream of home ownership.
  • The CT Energy Assistance Program and how to apply for help.
  • CRT’s unique assisted-living facility, The Retreat, for low-income seniors age 65 and over. A few apartments are available now.

Give a listen over on Facebook to find out more.

 

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Save Money for Future Home Ownership with the Community Asset Building Initiative

The Community Renewal Team (CRT) in partnership with Liberty Bank is pleased to announce the availability of a unique “Community Asset Building Initiative” (CABI) to help people in Hartford and Middlesex Counties achieve financial independence and security as they save money for future home ownership.

Qualified individuals will enroll in a special online training course with CRT financial counselors. Upon the successful completion of all 10 modules in this course, along with opening a special CABI savings account through Liberty Bank, those individuals will be eligible to receive up to a one-to-one match of $1,000 from Liberty Bank to help them achieve the dream of owning their own home.

The CABI program offers participants incentive savings matches, personal and money management education, peer and staff support, and individual counseling to make asset ownership attainable.

For those individuals who qualify for the CABI savings accounts, Liberty Bank agrees to offer an interest-bearing savings account, paying at least a market rate of interest, as detailed in Liberty Bank’s Personal Deposit Account Agreement (PDAA). This account will be free from service charges or any other charges for all individuals that CRT accepts as a CABI participant.

CRT will help to monitor CABI program participants’ monthly savings activity in an effort to help them reach their savings goals and ultimately become successful long-term asset owners.

How do you enroll in the CABI Program?

Admission in the CABI program does require a pre-application, and qualified participants will be added to the program on a rolling basis. The first 10 people to successfully complete the course requirements and establish and maintain their CABI savings account will receive the $1,000 matching grant from Liberty Bank.

Individuals that are interested in participating in this unique asset-building initiative should visit the CABI page for more information.

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