FINANCIAL EDUCATION ASSOCIATES INC
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Mission Statement
Financial Education Associates Inc.'s mission is to provide unbiased information to Massachusetts low and moderate-income residents organizing their finances to achieve larger financial goals. These goals include home purchases, education, entrepreneurship and retirement.
About This Cause
FEA has provided homebuyer education classes since 2001 and has graduated over 18,000 people. The organization also provides financial education seminars, online homebuyer classes, online landlord classes, classes for new homeowners and personal finance counseling. FEA provides classes and seminars in Boston and Eastern Massachusetts. Due to the COVID-19 pandemic, all of our classes and seminars are in webinar format using Zoom. On-demand online classes are available to those who desire to take the class in their own time. This has expanded our reach and we have been able to service more clients. In a typical year we hold 35 homebuyer education classes, 10 classes for new homeowners and 6 seminars. Starting Fall 2022, we will have weekly seminars to support potential homebuyers with budgeting, credit, programs that support homeownership for low and moderate income households, and debt elimination strategies. In 2021 we held 311 counseling sessions to support clients with basic homebuyer counseling counseling, landlord education, personal finance support, and homeowner issues. Financial Education Associates holds a Seal of Approval from the Massachusetts Homeownership Collaborative (CHAPA) and is an affiliate HUD Counseling Agency. FEA is a member of the MIDAS Collaborative, an organization that supports wealth building in low income communities and the Citizens' Housing and Planning Association (www.chapa.org), an organization that supports housing policy and homebuyer education in Massachusetts.