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February 8, 2007
Media Advisory: Pilot project helps homeless people save and move into stable housing
Tomorrow, Councillor Joe Mihevc, Chair of the Community Development and Recreation Committee, will speak to the results of the Independent Living Accounts demonstration project that was implemented at four shelters in Toronto. The purpose of the project was to test whether providing matched savings and financial literacy training to people living in shelters would enable them to accumulate sufficient savings so they could move into affordable rental accommodation. A key result of the research shows that people with little income can, and do save, when presented with the right incentives and supports.

Date: Friday, February 9
Time: Noon
Location: Fort York Residence for Men, 38 Bathurst St.

The Independent Living Account Project was designed and managed by Social and Enterprise Development Innovations (SEDI), a national not-for-profit organization. The project was implemented at shelters across the country, including four in Toronto. Funding for the Toronto portion of the project came from the Supporting Communities Partnership Initiative, TD Bank and the Toronto Rotary Club. Project partners include Ryerson University, the City of Toronto, and the following four shelters: Fort York Residence for Men, Eva’s Phoenix, Amelie House and St. Clare’s Residence.

Councillor Mihevc, City of Toronto shelter staff, and project participants will accompany SEDI in releasing the results of the project.

Toronto is Canada’s largest city and sixth largest government, and home to a diverse population of more than 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. In the past three years Toronto has won more than 50 awards for quality and innovation in delivering public services. Toronto’s government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contact:
Barb Gosse, Director of Asset Building, Social and Enterprise Development Innovations, 416-665-2828, ext. 236



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