Assets for Independence Demonstration Program

The summary for the Assets for Independence Demonstration Program grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Administration for Children and Families, which is the U.S. government agency offering this grant.

Assets for Independence Demonstration Program: This announcement is modified. References to the telephone number for Central Contractor Registration (CCR) have been corrected throughout the announcement to 1-866-606-8220. Other references to CCR registration in the table in Section IV.2. and in the Checklist in Section VIII. note that CCR registration is required of all applicants and must be active by the time of award. In Section III.3.Other, the disqualification factor in "Verification of CCR Registration" has been deleted. Section IV.6. Other Submission Requirements now has a corrected address for application submission by mail and/or by delivery. Section V.2. Review and Selection Process now states that no awards will be made to applicants that do not have an active CCR registration. The Administration for Children and Families (ACF) is requesting applications for grants to administer projects for the national Assets for Independence (AFI) demonstration of the use and impact of Individual Development Accounts (IDAs) and related services. Grantees will provide an array of supports and services to enable individuals and families with low incomes to become more economically self-sufficient for the long-term. A primary feature of each AFI project is that project participants are given access to special matched savings accounts called Individual Development Accounts (IDA). Participants open an IDA and save earned income in the account regularly with the goal of accumulating savings to acquire an economic asset that will appreciate over time -- specifically, to purchase a home, capitalize or expand a business for self-employment, or attend higher education or training. Grantees also ensure that participants have access to financial literacy education and coaching such as training on money management and consumer issues. Grant recipients must finance the projects with a combination of the Federal AFI grant and non-Federal cash. The non-Federal cash amount must be at least equal to the Federal AFI grant amount. Applications will be screened and evaluated according to requirements and criteria stated in this announcement. Unsuccessful applicants may submit new applications in any succeeding application cycle. This is a standing announcement, which will be effective until cancelled or changed by the Director of the Office of Community Services (OCS). There are multiple funding cycles in each of Federal Fiscal Years 2011, 2012, 2013, with application due dates for each cycle.