Direct Cash Transfers Are Coming to Baltimore!
We are thrilled to announce our partnership with GreenLight Fund Baltimore to scale our Direct Cash Transfer program to Baltimore City in support of youth who are experiencing homelessness. Through the direct cash transfer program, youth will receive a one-time $3,000 initial cash transfer and $1,000 a month for a duration of two years. Additionally, participants will receive case management and peer navigation ancillary support services providing youth with opportunities to pursue academic, vocational, and other goals that will enhance their quality of life and financial stability. Chapin Hall, our partner on the evaluation of several sites for DCT for a housing outcome, will be working to assess housing and other outcomes from the program in Baltimore.
In partnership with the community and its Selection Advisory Council, GreenLight identifies opportunities for investments supporting inclusive prosperity, then evaluates and selects nonprofit organizations that can best address those needs. With financial stability, particularly for youth, identified as a priority for positive change during GreenLight Baltimore’s first selection process, GreenLight searched the country for a program effectively addressing that challenge elsewhere. After a comprehensive vetting process, GreenLight Baltimore selected Point Source Youth Direct Cash Transfer as a program with the best local fit to effectively address youth homelessness and positively impact financial stability. GreenLight is committed to the success of Point Source Youth Direct Cash Transfer as it launches in Baltimore and will provide multi-year financial support along with an ongoing on-the-ground strategic partnership.
As a next step, GreenLight will work with Point Source Youth to identify a Baltimore City-based nonprofit that will provide case management services to youth who participate in the Direct Cash Transfer program. The local implementing organization will be identified through an RFP developed by a council of six Baltimore City youth and Point Source Youth personnel.
Over the next two years, nearly 60 young people will be supported through this intervention. Point Source Youth plans to leverage public-private partnerships in order to sustain the direct cash initiative as well as expand its capacity to serve more youth. Once fully implemented, the program will reach hundreds of youth across the city.
Click below to read the full press release and learn more about our exciting partnership!