SOUTHFIELD, Mich. (May 13, 2021) – HarMoney, a financial education program from JVS Human Services, one of the largest human service agencies in metro Detroit, is offering $1,000 for approved low- to moderate-income local families to be used towards a down payment on a home or for credit repair, and more local families than ever are now eligible.  A virtual informational meeting will be held on Monday, May 24, when local families with a credit score of 620 and below can learn more about the financial assistance program which teaches participants about improving credit, savings, money management and home ownership. The program is underwritten by a $50,000 grant from TCF Bank and, when it began in November 2020, was originally only available to Oakland County families. Now, HarMoney has been expanded to include all qualified metro Detroiters and the new program, which has weekly sessions over 12 weeks, will begin on June 7. Upon completion of the program, a $1,000 one-time payment is available for participants to use towards collections, improving credit scores, or for down payment assistance on the purchase of a new home.

Read the rest of the article from The Michigan Chronicle here.