United Way of the Piedmont announced today that Bank of America has provided funding to support its Homeless Prevention Fund, which will improve economic mobility for residents within Spartanburg, Cherokee and Union counties.
The Homeless Prevention Fund is one of several interventions as part of United Way’s Bold Goals. By 2030, we aim to decrease the number of individuals below self-sufficiency by 11,000, decrease the number of cost-burdened low-income households by 6,000, and decrease the number of unemployed individuals living in poverty by 75 percent.
The fund represents an upstream approach to help families escape homelessness and avoid financial crises that lead to homelessness. Bank of America’s support will help expand the assistance offered through United Way interventions, such as transitional housing, opportunity housing, community resource coordinators, and transportation to work.
Since April 2021, fifty-three households have received assistance through the Homeless Prevention Fund. After connecting with United Way’s community resource coordinators, the fund helped to prevent 42 of those families from becoming homeless and helped 11 families escape homelessness.
United Way of the Piedmont and Bank of America share over 25 years of partnership aimed at increasing and improving financial stability for individuals and families in the Upstate.
“Supporting the United Way of the Piedmont Homeless Prevention Fund is part of Bank of America’s longstanding commitment to advancing economic mobility in the Upstate,” said Stacy Brandon, President, Bank of America Upstate. “In partnering with organizations like United Way, we seek to help our neighbors address critical needs and provide resources that create long-term paths for their success.”
About United Way of the Piedmont
United Way of the Piedmont is a local nonprofit that fights for the education, financial stability, and health of every member of our community. Our mission is to connect, engage, and inspire people to transform our community. We are more than fundraisers. We forge unique partnerships, find new solutions to old problems, and mobilize the best resources by inspiring others to join the fight. We believe that everyone deserves the opportunity to not just survive, but to thrive. Learn more at www.uwpiedmont.org.