Assets for Independence IDA grants
Posted by on December 19, 2011
Assets for Independence (AFI): Offers a series of webinars to introduce and explain the AFI federal grant program. AFI provides funding for low income designated and community development credit unions, and other community-based organizations to provide Individual Development Accounts (IDAs) for qualified individuals in their area. The funds can be used for education, to purchase a home, or start a business.
Registration is required online at http://idaresources.org/Calendar.
Dec. 15, 2 p.m. [ET]: AFI Program Overview and Grant Application Process
Jan. 10, 2 p.m. [ET]: AFI Program Overview and Grant Application Process
Jan. 19, 2 p.m. [ET]: AFI Question and Answers Conference Call for Prospective Grantees
Feb. 14, 2 p.m. [ET]: Tips for Developing Resources and Partners for AFI Projects
Feb. 28, 2 p.m. [ET]: AFI Program Overview and Grant Application Process
AFI Individual Development Account Grant Funding
The Assets for Independence (AFI) program provides five-year grants to nonprofit organizations and government agencies that empower low-income families to become economically self-sufficient for the long-term. Grantees provide financial education training on money management issues, and they assist participants with saving earned income in special matched savings accounts called Individual Development Accounts (IDAs). Participants use the IDAs to accumulate funds with the goal of acquiring a first home, post-secondary education, or starting up or expanding a small business.
The program is administered by the Federal Office of Community Services, within the U.S. Department of Health and Human Services.
See About AFI for important information regarding program guidelines, project activities, clients served, size of project grants, and AFI legislation.
How to Apply
We are accepting applications for funding new AFI projects now! To review the full funding announcement, click here.
Applicants may submit materials at any time throughout the year. OCS will review and fund new grants in three cycles in calendar years 2012 and 2013. The application receipt dates are as follows.
Winter Cycle — January 25, 2012
Spring Cycle — March 26, 2012
Summer Cycle — May 25, 2012
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