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Take the Wheel

Franklin Savings Bank - Franklin, New Hampshire

2020 Community Commitment Awards Submission

  • Entry Category: Economic Inclusion
  • Asset Size: Small

"Take the Wheel" is a new pilot program offered to low and low-to-moderate income families. This program was created by Lakes Region Community Developers, HOMEteam, Franklin Savings Bank, and Grappone Automotive Group. These partners came together with one goal in mind - to put families with low incomes into reliable, fuel-efficient vehicles they can afford. To begin the process, interested candidates must complete a Personal Finance Coaching Program provided by HOMEteam - an organization that provides education and resources to New Hampshire residents with the information and tools needed to make good financial decisions relative to housing. Once financial counseling requirements and goals are met, candidates will receive assistance with completing an application for an automobile loan, which will be forwarded to Franklin Savings Bank for approval. Once a determination is made as to how much an applicant will qualify for, he/she will work directly with the sales team at Grappone Automotive Group to select an automobile within their budget.