Rep. Martin advocates for critical funding to expand financial literacy program statewide
State Rep. David Martin this week testified before a House Appropriations subcommittee in support of a $5 million state funding request to expand the Communities First, Inc. Family Mobility Savings Program statewide. Joel Arnold of Communities First, Inc. joined Martin in presenting testimony on the proposal.
Martin said the program is focused on helping families build financial literacy, establish emergency savings, and reduce long-term reliance on public assistance.
The program pairs financial education with direct savings support to help families build lasting stability. Participants establish relationships with traditional banking institutions, earn incentives for completing financial milestones, and build emergency savings through program-supported deposits. Coaching, customized goal setting, and resource referrals help families stay on track and navigate unexpected financial challenges.
“This program is about helping families build real financial independence,” said Martin (R-Davison). “When people have a relationship with a bank, a savings cushion for emergencies, and access to financial coaching, they are far better equipped to stay on their feet and move forward with confidence. That’s good for families and good for taxpayers.”
The program has historically been limited primarily to families in the Detroit area. If funded, the expansion would allow Communities First, Inc. to serve additional communities across Michigan while building partnerships with financial institutions such as Team One Credit Union along with private philanthropic supporters.
“This is a smart investment that encourages independence rather than dependency,” said Martin. “By helping families prepare for unexpected expenses and build long-term stability, we can reduce future strain on taxpayer-funded assistance programs.”
Arnold said the program aligns directly with the goals of the Temporary Assistance for Needy Families program by promoting job preparation, financial responsibility, and self-sufficiency.
“When families have the tools and support to build savings and navigate financial challenges, they are more resilient and less likely to need ongoing public assistance,” said Arnold.
The House Appropriations Subcommittee on Labor and Economic Opportunity will determine which legislatively directed spending items move forward as the state budget process continues.