Neighborhood Partnerships, Inc.
Neighborhood Partnerships, Inc.
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More about this organization
Mission
Neighborhood Partnerships is a statewide non-profit 501(c)(3) organization dedicated to creating opportunity for Oregonians by building and managing strong partnerships that fuel change and progress in the community, working to create an equitable economy across Oregon that meets everyone’s basic needs through organizing, policy advocacy, and narrative change rather than direct services.[2][5][10]
About
OREGON IDA INITIATIVE: NEIGHBORHOOD PARTNERSHIPS IS THE MANAGER FOR THE STATE OF OREGON'S INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) INITIATIVE. CONTRIBUTIONS TO NP ARE ALLOCATED TO A NETWORK OF PARTNER ORGANIZATIONS THAT OFFER INDIVIDUAL DEVELOPMENT ACCOUNTS. INDIVIDUAL DEVELOPMENT ACCOUNTS, OR IDAS, ARE MATCHED SAVINGS ACCOUNTS THAT BUILD THE FINANCIAL SKILLS OF QUALIFYING OREGONIANS WITH LOW INCOMES WHILE THEY SAVE TOWARDS A DEFINED GOAL. IDAS OPEN UP PATHWAYS OF OPPORTUNITY AND CREATE MODELS OF ECONOMIC SUCCESS IN OREGON COMMUNITIES. ONCE THE SAVINGS GOAL IS REACHED AND ALL PARTS OF THE SAVINGS PLAN ARE COMPLETED, EVERY DOLLAR SAVED BY A PARTICIPANT IS MATCHED BY THE INITIATIVE, TYPICALLY THREE DOLLARS FOR EVERY ONE DOLLAR SAVED. INITIATIVE PARTICIPANTS MAY BENEFIT FROM MATCHED FUNDS TO HELP THEM PURCHASE A HOME, FULFILL AN EDUCATIONAL GOAL, DEVELOP AND LAUNCH A SMALL BUSINESS, RESTORE A HOME TO HABITABLE SHAPE, PURCHASE EQUIPMENT TO SUPPORT AN EMPLOYMENT GOAL, OR REACH ANOTHER ELIGIBLE FINANCIAL GOAL.IN CALENDAR YEAR 2018, NP RECEIVED $10,876,217 IN DONATIONS FOR THIS INITIATIVE, WHICH WERE ALLOCATED IN 2019 TO HELP OVER 1,400 ADDITIONAL LOW-INCOME OREGONIANS ACROSS THE STATE INCREASE THEIR FINANCIAL SECURITY. INITIATIVE PARTNERS ARE CURRENTLY OFFERING IDAS IN 36 COUNTIES IN OREGON, AND ARE RAPIDLY EXPANDING TO COVER EVERY COMMUNITY IN THE STATE. MORE THAN 3,400 INDIVIDUALS CURRENTLY ARE SAVING THROUGH THIS INITIATIVE.
