Assets
for Independence Demonstration Program;
Individual
Development Accounts 
Assets for Independence (AFI) is a Federal grant
program that explores ways to help low-income people become economically
self-sufficient.
AFI
provides grants of up to $1,000,000 to local and State AFI projects
that provide financial education to clients and assist them with
saving money in Individual Development Accounts (IDAs) for the
goal of acquiring one of three long-term assets: a first home,
post-secondary education, or small business capital.
Eligible applicants for competitive five-year demonstration
grants are non-profit 501(c)(3) tax-exempt organizations; State
and local government agencies and Tribal governments applying
jointly with 501(c)(3) organizations; low-income credit unions;
and community development financial institutions.
Contact
Information:
Office of Community Services
Demonstration
and Special Projects Division
370 L'Enfant Promenade, S.W.
5th Floor West
Washington , D.C. 20447
Telephone: 202-401-4626
Fax: 202-401-5718
Email: AFIProgram@acf.hhs.gov
Website:
www.acf.hhs.gov/assetbuilding/ |
Keywords:
savings; investment; asset accumulation; financial literacy
training; post secondary education; home ownership; business
apitalization; self-sufficiency. |
