Helping homeless save pays off

For years, Fred Greene cycled through a series of temporary jobs and troublesome roommates. His financial plan consisted of stuffing his wages into his back pocket. But everything changed in 2005, when Greene wound up in Toronto’s Fort York Residence shelter and enrolled in an innovative money management and savings program that rewards shelter residents with $3 for every $1 they save up to a maximum personal savings of $400. The money must be used to obtain rental housing.

Publication Date: 
Nov. 2, 2010
Journal Name: 
The Toronto Star