The BACK Program, short for Boron Anchor for Community Knowledge, is an initiative aimed at revitalizing the Boron community through economic and educational support. It combines Guaranteed Income (GI) with Individual Development Accounts (IDAs) to tackle economic instability and foster long-term community investment.

Eligibility is open to residents of Boron, CA, and the surrounding unincorporated East Kern County area. Participants must complete the SBA and/or CFPB financial literacy course to be eligible for the Guaranteed Income (GI) part of the program. The financial literacy course will be provided once a month until the start date and pool selection.

To be eligible for the Guaranteed Income (GI) part of the program:

- Participants must register on this web page.

- Participants must complete the SBA and/or CFPB financial literacy course.

Savings can only be used for three purposes:

1. Purchasing a home or making a down payment on a home in Boron.

2. Starting a small business in Boron.

3. Pursuing further education.

Eligible participants who purchased and complete the financial literacy program are entered into a lottery system. Selected participants receive program benefits, including $500 GI Payment and the opportunity to opt in to matched savings and, to support their reinvestment in the community.

The Guaranteed Income (GI) provides a monthly stipend to selected participants to help alleviate financial instability. This stipend is intended to cover essential needs and support participants in building a stronger financial foundation.

Individual Development Accounts (IDAs) are matched savings accounts designed to help participants achieve specific financial goals. The BACK Program matches participant savings dollar-for-dollar, enabling them to build assets that benefit themselves and the Boron community. Please take note that IDAs are voluntary and not mandatory.

The BACK Program aims to:

- Stabilize the local economy by encouraging homeownership and small business growth.

- Retain longtime residents by making the community more affordable.

- Promote education and skill development to enhance economic mobility.

The program is funded through grants, sponsorships, and partnerships with organizations such as the SBA, CFPB, and other community-focused entities. We continue to seek additional funding to expand and sustain the program.

No. Matched savings must be used for one of the three designated purposes: homeownership, starting a small business in Boron, or furthering education.

The program runs for 18 months from start to finish. Participants are required to remain actively engaged throughout the program's duration, with ongoing opportunities to participate in Outcome Surveys.

Participants receive:

- Financial literacy training.

- Access to Homeownership Programs such as 0 down payment and zero closing costs

- Access to mentorship and resources for small business development.

- Guidance on educational opportunities.

The ultimate goal is to empower residents of Boron to achieve economic stability, invest in their community, and contribute to the town’s long-term growth and revitalization.

Applications are available on our website and at local community centers in Boron. Stay updated on application deadlines and program news by visiting our website or contacting our office.

The program evaluates success through:

- Economic indicators like increased homeownership and small business creation.

- Educational achievements of participants.

- Community feedback on overall improvements in quality of life.

Yes, we welcome partnerships with local and national businesses that share our mission of community revitalization. Interested organizations can contact us to discuss opportunities for collaboration.

For more information, please contact us at 1-760-920-1379 or email us at [email protected]. For inquiries, please visit us at https://fund-nation.org/back-program-inquiries.