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Emmanuel House
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Emmanuel House is a non-for-profit organization that aims to break the cycle of working class poverty. It serves impoverished and working-class families, allowing them to begin saving money through a rent program and "Networked Savings". It has been regarded as a highly successful and innovative solution to working class poverty, and has received attention from people such as Illinois Senator Dick Durbin. The program allows families to live in a house owned by Emmanuel House and pay their usual fair rent fee, yet after 18 months the family is given back a year’s worth of rent as savings - in some cases, enough to allow them to put a down payment on their first home. Home ownership has long been known as a “pathway out of poverty”, and families that own homes are as much as twelve times more wealthy than rent-paying families after a decade. |
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