“GMA” and Generation Hope honor Karen Escobar, a young mom pursuing her education while taking care of her 4-year-old daughter for “Make Your Monday.” (VIDEO)

Translated: The local government of Washington, DC and Capital Area Asset Builders (CAAB) have just put $ 780,000 on the table to encourage savings among moderate and low-income residents of the city. This fund can be used to buy or renovate a home, start a small business, continue university studies or obtain an intermediate profession in training institutes and five other categories.

Bard High School Early College — which is considered an accredited branch of Bard College, a liberal-arts college in New York — The D.C. campus is part of the city’s traditional public school system and is receiving start-up funding from the D.C. Public Education Fund, which raises private money to support the school system. It opened Monday in the District with more than 150 ninth-graders and a small 11th-grade class, which will complete the two-year associate degree program.

Mayor Bowser is consistently under fire for her leadership over a city that is becoming increasingly unaffordable for low income and poor people. And, to her credit, she continues to roll out programs and initiatives that may only be a drop in the bucket for those who are struggling to remain here, but collectively, the drops are adding up.

We are encouraged by this most recent initiative that will allow District residents to save up to $7,500 to help pay for a variety of expenses, including education, first-time home purchases, small business development and retirement. They must save $1,500 over 18 months, and their savings will be matched 2:1 by participating private funders. The only qualifiers are that one must be a District resident, have a maximum annual household income of $54,250, for households with one adult, and $62,000 for two adults living in the same house. They must have earned income, and have less than $10,000 in net assets (excluding a primary home and one vehicle). Money management classes are also offered. That captures a significant number of District residents as we see it, particularly young millennials and GenXers.

Today, Mayor Muriel Bowser announced a $1.3 million investment to relaunch DC Opportunity Accounts, a 4:1 matched savings program that will help qualified District residents potentially save up to $7,500. Those funds can be used to help pay for a variety of expenses, including education, first-time home purchases, small business development, and retirement.

Global financial powerhouse JPMorgan Chase came to the nation’s capital earlier this year to demonstrate its new, catalytic role in bolstering African American business and economic development–efforts in building black wealth.

Together, these activities introduced Advancing Black Pathways, the audacious initiative from the nation’s largest bank to drive prosperity for African Americans while addressing persistent racial and economic barriers to wealth creation in partnership with a range of influential companies, organizations, and leaders.

D.C. Public Schools (DCPS) has started a new program titled “DCPS Persists,” dedicated to providing college-bound graduates with a support network to help them succeed in college.

The DCPS Persists program will begin with the class of 2020, offering hundreds of students additional support regarding college and career options.

Many families in the D.C. region are struggling to provide basic essentials, including diapers, amid the coronavirus outbreak. Corinne Cannon, with the great DC Diaper Bank, joined us with more on what the organization is doing and the challenges it is facing.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced yesterday that Capital Impact Partners was awarded $2.8 million in grants through the 2019 round of the CDFI Program. The organization was the 5th highest awardee among 412 applicants.

Fair Chance strengthens the sustainability and performance of community-based nonprofits to achieve life-changing results for children and youth living in poverty.