U.S. Department of Health and Human Services Assets for Independence Demonstration Program
The Administration for Children and Families (ACF) Office of Community Services (OCS) is seeking application for the Assets for Independence (AFI) demonstration program.
AFI enables community-based nonprofits and government agencies to implement and demonstrate an assets-based approach for supporting low-income individuals and their families. AFI grantees enroll participants to save earned income in special-purpose, matched savings accounts called Individual Development Accounts (IDAs). Every dollar that a participant deposits into an AFI IDA is matched (from $1 to $8 in combined federal and non-federal funds) by the AFI project, promoting savings and enabling participants to acquire a lasting asset.
AFI participants use their IDAs and matching funds for one of three allowable assets:
- Purchase a first home;
- Capitalize or expand a business for self-employment; or
- Fund post-secondary education or training.
AFI grantees also assist participants in obtaining the skills and information necessary to achieve economic self-sufficiency. Grantees are encouraged to tailor the strategies and services they offer to the needs of their project participants and the opportunities in their community.
Application Deadline: June 15, 2015
View information about resources, trainings, and other assistance for grantees and potential applicants is posted on the AFI Resource Center website.
View the Funding Opportunity Announcement.