|Catalog of Federal Domestic Assistance Number: 93.602|
|Link||view program website|
|Sponsor||Administration for Children and Families|
|Deadlines||Jun 7, 2013|
Program Office Contact
Office of Grants Management Contact
The Administration for Children and Families (ACF) offers grants to administer projects for the national Assets for Independence (AFI) demonstration of the use and impact of Individual Development Accounts (IDAs) and related services. Grantees will provide supports and services to help individuals and families with low incomes become more economically self-sufficient for the long-term. A key feature of each AFI project is that project participants are given access to special matched savings accounts called Individual Development Accounts (IDA).
Participants open an IDA and save earned income in the account regularly with the goal of accumulating savings to acquire an economic asset that will appreciate over time - specifically, to purchase a home, open or expand a business for self-employment, or attend higher education or training. Grantees also ensure that participants have access to financial literacy education and coaching such as training on money management and consumer issues.
Entities eligible to apply include:
Expected Number of Awards: 50
Grant recipients must finance the projects with a combination of the federal AFI grant and non-federal cash. The non-federal cash amount must be at least equal to the federal AFI grant amount.
Links to the full announcement and program guidance are available through grants.gov
|Tagged as||Personal finance|
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RAC does not take part in application processes or monitor application status.
Administration for Children and Families, view details