MyBnk’s youth homelessness prevention scheme in Kilburn has been transformed by a group of volunteers.
The Money House is set in a real flat run where we teach young people how to live independently. Supported by Westminster Council, it helps vulnerable 16-25 year olds, like care leavers, move into social housing.
The six strong team of PIMCO investment and business professionals joined thousands of other staff in a volunteering day as part of their Purpose at PIMCO “Global Month of volunteering” initiative, giving back to projects and communities around the world.
One in three care leavers in the UK lose their first home and one in four find themselves homeless once they turn 18. Graduates from the weeklong youth scheme are three times less likely to have unsustainable arrears. The Money House also recently won a London Homelessness Award.
PIMCO, along with the Berkeley and JP Morgan Chase Foundations, fund other project sites in Greenwich, Newham and Haringey.
Guy Rigden, CEO, MyBnk said: “We’re bowled over by the work of volunteers on this unique site. It helps our young people visualise their first home and what living on their own really means. A big thanks to all who rolled up their sleeves!”
If you wish to refer a young person to The Money House please contact themoneyhouse@mynbk.org or 020 3581 9920.
