Program Description

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

General Program Requirements

Assets for Independence Program grants are awarded on a competitive basis. Non-profit organizations including faith-based organizations are eligible to apply. State, local and Tribal governments are also eligible to apply. Grantee organizations manage programs that help clients establish IDAs and accumulate assets for the long-term.

Please click here additional eligibility information.

Your Next Steps

The following information will lead you to the next steps to apply for this program.

Program Contact Information

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

Additional Information

Catalog of Federal Domestic Assistance (CFDA) Number93.602
Current Method of Tribal EligibilityProgram not specific to American Indians and Alaska Natives, but they are eligible
Can the funding from the program be renewedNo
Funding TypeDiscretionary
Entities Eligible for Grant AssistanceOther Tribal and Native Entities
Matching Funds RequiredYes
Number of People Served by this Program (Approximate)El concesionario determinará cuántas personas serán atendidas.
Length of ProgramGrant award period is for five years.
Recurring Base Funding for TribesNo
Do Tribes compete with other entities for funding from the program?Yes
Tribes Funded by this ProgramEach organization receives one grant per funding cycle.

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