How The Bridge Fund Prevents Homelessness
The Bridge Fund of New York Inc. pioneered the concept of prevention of homelessness targeted to the working poor who have the possibility of helping themselves when given temporary assistance. The key elements of our approach have proven effective in preventing homelessness since 1991.
- We aid working poor families and individuals in imminent danger of losing
their housing. Clients are treated with respect and
with special attention because every client’s situation is different.
- Clients should have work-related income or benefits and be able to maintain their housing once we have provided modest financial assistance to resolve the current crisis.
- Our financial assistance is temporary and specifically targeted to resolve the
immediate crisis. Generally, our check is written directly to the landlord or real-estate
management company to pay the client’s rental arrears.
- By using a preventive approach, we help stabilize households at risk of homelessness
in their present housing or help them move to more affordable apartments.
- We utilize business principles to offer a form of credit that our clients cannot get
elsewhere. Clients have generally been turned down for government assistance.
- We do not charge interest on our loans and often give modest grants to clients
who have the potential to maintain their housing, but cannot afford to repay a
loan. Repayments are a moral, rather than a legal obligation.
- The Bridge Fund’s operations are largely funded by private contributions, which
gives us great freedom and flexibility in meeting client needs with swift and effective
- At the same time, we provide one-on-one budget counseling to give our clients
the tools to better manage their finances on an ongoing basis.
- We work cooperatively with both public and private agencies to maximize
limited resources in order to help the greatest number of households.
- Clients are monitored after our intervention to assess the effectiveness of The
Bridge Fund model.