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Assets for Independence

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undefined Assets for Independence?

Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within through the use of matched savings accounts called Individual Development Accounts (IDAs). Through financial education, AFI demonstrates the use and impact of IDAs to help low-income individuals move toward greater self-sufficiency.

AFI's main initiatives include:

  • Awarding grants to non-profit organizations and government agencies that provide IDAs
  • Managing a national resource center to support AFI grantees and develop information on the use of IDAs and related asset-building strategies
  • Managing research on IDA usage and implementation

Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within through the use of matched savings accounts called Individual Development Accounts (IDAs). Through financial education, AFI demonstrates the use and impact of IDAs to help low-income individuals move toward greater self-sufficiency.

AFI's main initiatives include:

  • Awarding grants to non-profit organizations and government agencies that provide IDAs
  • Managing a national resource center to support AFI grantees and develop information on the use of IDAs and related asset-building strategies
  • Managing research on IDA usage and implementation

undefined Assets for Independence?

Assets for Independence Program grants are awarded on a competitive basis. The following are eligible to apply:

  • Non-profit organizations, including faith-based organizations.
  • State governments.
  • Local governments.
  • Tribal governments.

Grantee organizations manage programs that help clients establish IDAs and accumulate assets for the long-term.

Please click here additional eligibility information.

undefined Assets for Independence?

Direct link to the online application

Participant and Eligibility Guide

For more information on how to apply, please visit the Prospective AFI Grantee page.

OCSgrants@acf.hhs.gov

93.602
Program not specific to American Indians and Alaska Natives, but they are eligible
No
Discretionary
Other Tribal and Native Entities
Yes
El concesionario determinará cuántas personas serán atendidas.
Grant award period is for five years.
No
Yes
Each organization receives one grant per funding cycle.

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