Community Assets Blog

INDIVIDUAL DEVELOPMENT ACCOUNTS

FEDERAL FUNDING OPPORTUNITY


Department: Health and Human Services
Agency: Administration for Children and Families
Program: Assets for Independence Demonstration Program
Summary: The purpose of the Assets for Independence Program is to demonstrate and evaluate the effectiveness of asset-building projects that teach low-income families about financial issues and enable them to save earned income over the long-term in special matched savings accounts called Individual Development Accounts (IDA). . . . OCS seeks to support new and innovative AFI Projects administered by national, State-wide, regional and community-based organizations across the nation. The office is interested in supporting organizations that would establish first-time AFI Projects. OCS is also interested in providing financial support for organizations that are managing existing AFI Projects.
Deadline: 27 July 2004