Community-Centered Solutions for Building Assets

Prosperity Works is an asset-building leader using innovative solutions for limited-income New Mexicans to secure assets like a home, home-improvements, vehicle, business, or post-secondary education. 
We collaborate with community organizations to: 

• Generate equitable, community-centered policy solutions to provide economic prosperity for New Mexicans;
  
• Build partnerships that strengthen our statewide network of community organizations; 
  
• Create asset-building opportunities for limited-income households and build intergenerational wealth and wellbeing. 

​Limited income households build assets: 

• From birth, with Child Development Accounts,
  
• To adulthood, with Individual Development Accounts;
  
• And other safe, affordable financial products including fair lending options.

Prosperity Kids Child Development Accounts
Prosperity Kids Child Development Accounts are matched education savings accounts for limited-income households. Each Child Development Account is opened with at least a $100 deposit and is matched 1:1—up to $200 per year, on average for a five-year period. Parents open emergency savings accounts and complete financial capability training.

Depending on the age at which a child enrolls, they can have $7,000 in savings!

Individual Development Accounts
Individual Development Accounts assist hardworking families to save money for their futures.

An Individual Development Account is a matched savings account that can be used for buying a home, home-improvements, purchase of a vehicle, starting a business, or post-secondary education. These opportunities promote prosperity that bridges generations.
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Fair Lending Options
We work to socialize a “new social contract” between employees and employers—one predicated upon employees’ quality of life. Part of this new “contract” is working with employers to provide employees with low-interest lending options—like TrueConnect. In times of economic uncertainty and short-term resource gaps, households often turn to high-interest lending options; these exploitative, predatory schemes disproportionately impact Black, Indigenous, and People of Color households. We are committed to working together with public and private partners to develop and scale equitable lending options for New Mexico households statewide.
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