CLARKSVILLE, TN – The City of Clarksville’s Neighborhood and Community Services Department (CNCS), in partnership with the national Cities for Financial Empowerment Fund (CFE Fund), announced it has been awarded a $150,000 implementation grant to support the launch of the City’s Financial Empowerment Center (FEC).
The Clarksville FEC will provide professional one-on-one financial counseling and coaching to help local residents build financial stability and long-term economic resilience as a free public service. At the Clarksville FEC, professionally trained FEC counselors will help individuals and families with low and moderate incomes manage their finances, pay down debt, increase savings, establish and build credit, protect assets and prepare for legacy planning, and access safe and affordable mainstream banking products.
At the core of the FEC model is the integration of counseling into other social services, such as housing and foreclosure prevention, workforce development, prisoner reentry, benefits access, domestic violence services, and more. As households continue navigating rising living costs and economic uncertainty, the Financial Empowerment Center will serve as a centralized resource connecting residents to financial guidance and pathways toward long-term self-sufficiency…