PROJECT
The Money House
FUNDING
Annual running cost of £300,000 funded by the Berkeley Foundation, JPMorgan Chase Foundation and Hyde Charitable Trust
BACKGROUND
The Money House began in Greenwich in 2013 as a financial literacy programme helping young people avoid debt and maintain tenancies. It was initially run by Hyde Housing with Greenwich Council, Citizens Advice and Meridian Money Advice. Financial educational and enterprise charity MyBnk took over the management of the programme in January 2017, opening a second project in Newham. More than 900 young people have participated to date.
ACTION
The Money House is a one- or five-day programme that takes place in a flat typifying the type of accommodation young people first move into. The programme is open to all 16- to 25-year-olds regardless of housing status, but most referrals come through the local authority. Attendance is a mandatory part of Greenwich Council's "move-on" process for young people entering social housing.
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