NCHA Given £1m for Tenants in Debt Danger

Nottingham Community Housing Association has been awarded £1 million of lottery funding to support tenants who are at risk of falling into debt.  The Big Lottery funding scheme aims to make people more financially aware and confident in money management and make it easier for them to get loans or credit cards. It has allocated money to several East Midlands organisations and is backed by money-saving expert Martin Lewis, the National Housing Federation and Citizens Advice.  The association was awarded £999,449 to work with social housing tenants, particularly those aged 18 to 25, over a five-year period.  First-time tenants will receive a 'financial confidence health check' when they sign up for a tenancy to ensure they are aware of what they can afford and how to manage their money. They will receive details of financial services available.  Read more on the Nottingham Post website.