Assets for Independence
U.S. Department of Health and Human Services
What is 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
Administration
Assets for Independence is administered by U.S. Department of Health and Human Services.
Program Requirements
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.
Application Details
What is the application process for Assets for Independence ?
Direct link to the online application