DENVER METRO REGION THE IMPACT Nonprofits cant meet financial On - - PowerPoint PPT Presentation

AFFORDABLE FARES CONNECTING TO OPPORTUNITY IN THE DENVER METRO REGION

THE IMPACT…

On Community… On employers… On individuals…

• Nonprofits can’t meet financial

demand for individuals searching for jobs

• Inability to access

healthcare/basic amenities

• Higher turnover
• Increase in tardiness & absenteeism
• Reduced career readiness by

prospective applicants

• Spend more money & time

traveling to/from work/appointments

• Reduced/limited access to

healthy food options

• Increased use of emergency

services for routine medical care

AFFORDABLE FARE PROGRAM: GOALS

Long Term Create a sustainable affordable fares program in which RTD offers persons earning150% of the FPL or less 50% discount on fares and passes (matching the discount currently offered to seniors, students and those with disabilities) Immediate Secure commitment from public and private sector partners to allocate $3.7 million annually for first 3 years of the program

POTENTIAL BENEFICIARIES ACROSS THE RTD DISTRICT

57,144:

RTD riders under 150% FPL that use transit at least “a few times a week,” who do not currently access non-profit, senior, student or disabled discount programs

AFFORDABLE FARES: WORK TO DATE

Relationship Building:

• Public Input
• RTD Board & staff
• Engaged state

agencies Program Administration Path

• Identified state and county

agencies on income verification

• Explored technology based,

secure platforms

Fundraising Path

• Identified government, quasi-government, and public

sector partners who have initiated budget allocation processes

• Engaged financial institutions in financing

conversations

 Utilize HCPF’s existing transit infrastructure to support and scale the broader program.  Creates a sustainable roll out plan.  Provides context and understanding to the resources needed to scale the project.  Allow for a timely implementation. Phase 1: Existing HCPF Transit Infrastructure Phase 2: Technology based secure government platform Phase 3: Broad Program Rollout

AFFORDABLE FARES: PROPOSED IMPLEMENTATION

LOCAL FUNDRAISING PROGRESS

Good Faith & Confirmed Commitments

Denver Office of HIV Resources

ENGAGED

HCPF CHFA City and County

• f Denver

Bank Partners DRCOG

WHERE DO WE GO FROM HERE

Critical Milestones Ahead

HCPF Budget Process City/County Budget Process DRCOG Funding Opportunities

WHERE DO WE GO FROM HERE

Outstanding Questions

• How can our work be best used by the pass

program working group?

• What is the best strategy to leverage

commitments made by partners?

To learn more about this investment

• pportunity, please contact:

Jeff Su jsu@denverfoundation.org Deya Zavala dzavala@denverfoundation.org