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Newsletters &
​Blog Posts

August 2020 Newsletter

8/17/2020

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Welcoming New Team Members! 

Prosperity Works is excited to welcome Lindsay Winton as our new Operations Director!

Lindsay will work to support the Prosperity Works team with her extensive project management background. Her expertise in organizational structures and facilitating workflows will help the Prosperity Works thrive!

"I am so excited to be joining the Prosperity Works team, and be a part of the incredible social justice work they’re doing across New Mexico. As a native to the state, it brings me pride to be part of the solution in bringing economic hope to all in our beautiful and diverse state."

 

Prosperity Works is happy to have Matthew Mirarchi join the team as our new Development Director!

Matt most recently worked in development and New Mexico Environmental Law and has extensive experience with both large and small nonprofits. Matt is excited to hit the ground running with his expertise in development and community building to break down barriers to prosperity!

"I feel incredibly fortunate to join and contribute to Prosperity Works' dynamic, change-making team at such a pivotal and charged time—as so many are encountering even more systemic hurdles to achieving economic solvency."

Prosperity Works Founder, Ona Porter, wins Nusenda Foundation Award

We are happy to share that our founder and former CEO, Ona Porter, has been honored with the Financial Education Innovator Award from Nusenda Foundation!

“Ona’s long-time commitment to economic equity and financial well-being has helped New Mexico families achieve long-term financial security; her additional support of unbanked New Mexicans during this COVID-19 pandemic ensured that people could quickly access money they needed during this critical time without exorbitant fees,” said Nusenda Foundation Executive Director Robin Brulé.

Read the full release

Prosperity Works Partnership with the City of Albuquerque

 
Prosperity Works is happy to announce a partnership with the City of Albuquerque to help underserved communities affected by climate change! The money from this grant will go towards helping low-income residents lower their energy bills.

As our founder, Ona Porter described our mission - "Welcome to our world where social justice is operationalized every day. Removing barriers and creating opportunities is the "good trouble" that is Prosperity Works"

In March, we told you about Phase One of our ongoing Energy Work. Even though Phase Two was put on hold due to the COVID-19 pandemic, we are on schedule to finish in November!

The COVID-19 pandemic has exposed financial inequalities that have been evident to us for years. Now with many of these families experiencing job and income losses, the cost reduction that comes with energy efficiency retrofits could not be more important.

All of this work could not be completed without Prosperity Works’ partnerships with the Partnership for Community Action, PNM, and Central New Mexico Housing Corporation. Funding has been provided by the New Mexico Zone Grant Funders and the Turner Foundation, Inc. and Energy Foundations.

Read More About Phase Two Here

ABQ Wants to Hear from YOU!

Last week, New Mexico took a huge step in our state's contribution to improving climate conditions when the Public Regulation Commission voted 5-0 to replace the Four Corners power plant with renewable energy exclusively!

Prosperity Works is proud to have played a small role in that victory and is proud to now be working with the City of Albuquerque on the development of a climate action plan that will be designed around community input.

Please take a few minutes to respond to our survey, and share it with your neighbors. Together we can improve the health of our community.
CABQ Climate Action Plan Survey
 
Looking for a way to support Prosperity Works' mission and advocacy? Host a Facebook Fundraiser and make an even bigger impact with your donation! 
We challenge you to get 10 of your friends to donate $10! 
 
Contact our CEO, Arellana Cordero at arellana@prosperityworks.net to get started! 
Donate and Help Support Prosperity Works Programs

Our Programs 

Individual Development Accounts

 

Our Individual Development Accounts (IDA's) can help you prepare for the future. Whether it's saving for secondary education, opening a small business, or buying a home. Prosperity Works wants to see you succeed.

Learn More 
 

Prosperity Kids Program

Our PW Kids program combines matched Children's Saving Accounts (CSA's) with personal, social and financial support for the entire family. 

Learn More

Donate and Help Support Prosperity Works Programs

Prosperity Works Partnership with TrueConnect

TrueConnect, an employer-based loan product that we brought New Mexico as an alternative to high-cost storefront loans. Understanding the harm done to individual borrowers, to community economic development initiatives, and to our inability to get our Legislator to take action to protect consumers, employers across the state have adopted TrueConnect to assist employees in accessing a fair loan. With no cost or risk to the employer, and no credit check for the employee, these loans of up to $5,000 have served to address emergencies, reduce financial stress, and support workplace productivity.
 
It is easy to do but I am also happy to connect you with other cities, large and small, who have done so.
Prosperity Works Partnership with TrueConnect
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Prosperity Works Energy Work Phase Two

8/10/2020

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This year, we told you about Phase One of Energy Work and our partnership with PNM to help low-income homeowners improve their energy efficiency. Phase One consisted of upgrading lighting, power strips, aerators, and weather stripping on windows and doors in 50 homes. Of those 50 homes, 35 also qualified to receive new refrigerators at no cost. 

Additional work in those homes has begun with a focus on gas efficiency and safety by upgrading hot water heaters, furnaces, and providing whole-house insulation. This work was slated to begin in mid-March just as the COVID-19 pandemic arrived in New Mexico and our partner, Central New Mexico Housing had to close.  They are now operational, and the parent leaders at the Partnership for Community Action are busy getting them into the installation queue.

The need for this work is more important than ever, and so far we have completed 100 of the 300 homes planned for this year. In order to qualify for these services at no cost, residents must have a household income that falls under 200% of poverty or about $44,000 for a family of four. The COVID-19 pandemic has exposed financial inequalities that have been evident to us for years. Now with many of these families experiencing job and income losses, the cost reduction that comes with energy efficiency retrofits could not be more important. Once both gas and electric work has been completed, families will see a reduction in their utility bills of up to 50%. 

All of this work could not be completed without Prosperity Works’ partnerships with the Partnership for Community Action, PNM, and Central New Mexico Housing. Funding has been provided by the New Mexico Zone Grant Funders and the Turner and Energy Foundations. We believe that the business model that we have created to reach those most in need may be replicated statewide, and is critical to reaching the state’s climate goals.  
​

With many New Mexicans living at or below the poverty line, we must do all we can to ease their financial burden, and open new pathways for opportunities for them and their families. Stay up to date with our ongoing energy work by following on Facebook and Twitter. 

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  • Home
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    • Mission, Vision, & Values
    • Our Team
    • Our Board of Directors
    • News
  • Initiatives
    • Child Development Accounts
    • Individual Development Accounts
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    • Safe Accounts & Loans
    • Sustainable Household Energy Management
    • Community Solar
    • Impact
  • Our Partners
    • New Mexico Assets Consortium Resource Guide
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    • Energy Equity Day
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