Discretionary Grant Funds for Projects to Establish Individual Development Account (IDA) Programs for Refugees

The summary for the Discretionary Grant Funds for Projects to Establish Individual Development Account (IDA) Programs for Refugees 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.

Discretionary Grant Funds for Projects to Establish Individual Development Account (IDA) Programs for Refugees: The Office of Refugee Resettlement (ORR) invites eligible entities to submit grant applications for projects to establish and manage Individual Development Accounts (IDAs) for low-income refugee participants. Grantee organizations may use ORR funds to provide matches for the savings in the IDAs of up to $2,000 per individual refugee and $4,000 per refugee household. Eligible refugee participants who enroll in these projects will open and contribute systematically to IDAs for specified Savings Goals, including home ownership, business capitalization, vehicles for educational or work purposes, and postsecondary education. Applications will be screened and evaluated as indicated in the published funding opportunity announcement. Selection of awards will be contingent on the outcome of the competition, outcome of the Federal staff review, and the availability of funds. Successful grantees will be expected to coordinate their policies and procedures for developing and administering refugee IDA projects with ORR and with the existing refugee IDA network. To ensure an exchange of technical and training information among programs, all grantees are encouraged to attend up to two ORR training meetings during each year of their participation in this program area. Grant funds may be used to support travel and per diem for attendance of training meetings. Additionally, grantees are encouraged to evaluate the effectiveness of the IDAs in their client's lives, and grantees may be asked to participate in an ORR-initiated program evaluation.

Federal Grant Title:	Discretionary Grant Funds for Projects to Establish Individual Development Account (IDA) Programs for Refugees
Federal Agency Name:	Administration for Children and Families
Grant Categories:	Income Security and Social Services
Type of Opportunity:	Discretionary
Funding Opportunity Number:	HHS-2012-ACF-ORR-ZI-0288
Type of Funding:	Grant
CFDA Numbers:	93.576
CFDA Descriptions:	Refugee and Entrant Assistance_Discretionary Grants
Current Application Deadline:	Jun 18, 2012
Original Application Deadline:	Jun 18, 2012
Posted Date:	Apr 17, 2012
Creation Date:	Apr 17, 2012
Archive Date:	Jun 19, 2012
Total Program Funding:	$2,000,000
Maximum Federal Grant Award:	$300,000
Minimum Federal Grant Award:	$100,000
Expected Number of Awards:	9
Cost Sharing or Matching:	No

Applicants Eligible for this Grant: State governments - County governments - City or township governments - Independent school districts - Public and State controlled institutions of higher education - Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education - Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education - Private institutions of higher education
Additional Information on Eligibility: Applicants must also provide documentation of participation of a qualified financial institution(s) in the project. This documentation must be in writing, on letterhead of the financial institution, and signed by a person authorized to make the commitment on behalf of the financial institution. The documentation must include a commitment by the financial institution to establish Individual Development Accounts (IDAs) for the refugee participants, to establish a parallel account (or accounts) for the matching funds, and to provide the grantee with account activity data on the IDAs and the parallel account(s) in a timely manner. Public or private nonprofit agencies are eligibile for awards under this announcement. Faith-based and community organizations that meet eligibility requirements are eligible to receive awards under this funding opportunity announcement. Individuals and foreign entities are not eligible for awards made under this announcement.
Grant Announcement Contact: ACF Applications Help [email protected]
ACF Applications Help Desk [[email protected]]
Similar Government Grants: • Support for Trauma-Affected Refugees (STAR); • Ethnic Community Self-Help Program-Ukraine; • Refugee Individual Development Accounts Program; • Refugee Technical Assistance Program; • Ethnic Community Self-Help Program; • Opportunity HHS-2008-ACF-ORR-RP-0112; • Opportunity HHS-2008-ACF-ORR-RE-0117; • Opportunity HHS-2008-ACF-ORR-RU-0113
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