Assets for Independence IDA program
Posted by on February 22, 2010
New funding for IDA programs announced
The Assets for Independence program, which offers federal matching funds for low-income individuals and families saving for postsecondary education, homeownership or microenterprise, has announced that $19 million is available for new grants averaging up to $350,000.
AFI projects assist low-income individuals and families in becoming economically self-sufficient. Project participants are given access to special matched savings accounts called Individual Development Accounts (IDAs).
Grantees must provide non-federal funds to support their AFI project in an amount at least equal to the federal AFI grant amount.
Due dates:
Spring Cycle — March 25, 2010
Summer Cycle — June 25, 2010
For more information, click here.
http://www.acf.hhs.gov/grants/open/HHS-2008-ACF-OCS-EI-0053.html
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