UTHealth Houston School of Public Health has received a Bob Woodruff Foundation grant for a Recovery-Oriented Money Management (ROMM) program. Jack Tsai, PhD, a professor and regional dean in San Antonio, will be the principal investigator of the eight-week community-based program for homeless and at-risk veterans. The grant will help to continue the work Tsai has done to improve military veterans’
well-being for more than a decade.
During the course of the program, veterans will participate in financial education groups, individual financial coaching, and computerized budget assistance tailored to their needs and experiences. The goal of the grant is to provide financial counseling to 100 veterans experiencing or at risk for homelessness, increase their financial literacy and money management skills, and improve their well-being and quality of life. The grant will also go toward the creation of a program manual and training on military cultural competency and money management.
“We are in a time of high inflation and high debt, and there is a great need for money management and financial literacy among veterans and the general population,” Tsai said. “Thanks to the Bob Woodruff Foundation, this grant which will allow us to offer this program to those who have served and deserve better.”
The program will run for 18 months, concluding in May 2024.
Read more about the Bob Woodruff Foundation at bobwoodrufffoundation.org.