At 1PM on February 27th, a group of us from Morgan Stanley are going to be participating in an annual stationary bike marathon called ICYCLE. ICYCLE is a series of stationary cycle classes held outside of 1 International Place in the middle of the winter, which raises money for HomeStart, a non-profit dedicated to ending and preventing homelessness in Boston.
HomeStart provides the crucial next step to ending the cycle of homelessness by working to assist individuals and families move from shelters to permanent housing. After securing housing, HomeStart continues to help each participant re-integrate into their community by providing support services such as money management programs and life skills training. For HomeStart to prevent an eviction it costs on average $603. It costs taxpayers approximately $30,000 a year to shelter that same family. The organization is also proud to state that It has a 95% retention rate.
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