Helping women move out of shelters
December 18, 2008
TORONTO - It’s been three years since Lynne Fisher moved out of a shelter and into her own apartment. The 49-year-old marital abuse survivor was on the brink of homelessness and credits the Independent Living Account program for helping her regain her independence. The Social and Enterprise Development Innovations , or SEDI, started the $146,000 financial literacy program in 2005. It currently teaches shelter residents how to save money, pay bills and prepare to move out on their own. The program also offers a matched saving incentive of $3 for every $1 deposited into a savings account with TD Bank Financial Group. TD and the National Club of Toronto are donating the matched funds for the 61 residents in the program, each of whom can save a maximum of $400 and have those savings matched up to $1,200.