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

The summary for the 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 ORR, which is the U.S. government agency offering this grant.
Projects to Establish Individual Development Account (IDA) Programs for Refugees: The Office of Refugee Resettlement (ORR) within the Administration for Children and Families (ACF) invites eligible entities to submit competitive grant applications for projects to establish and manage Individual Development Accounts (IDAs) for low-income refugee participants. 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, professional certification, and education (limited to postsecondary education, college entrance exam fees, Test of English as a Foreign Language (TOEFL) and GED preparation and test fees). 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.
Federal Grant Title: Projects to Establish Individual Development Account (IDA) Programs for Refugees
Federal Agency Name: Administration for Children and Families ORR
Grant Categories: Income Security and Social Services
Type of Opportunity: Discretionary
Funding Opportunity Number: HHS-2013-ACF-ORR-ZI-0572
Type of Funding: Grant
CFDA Numbers: 93.576
CFDA Descriptions: Refugee and Entrant Assistance_Discretionary Grants
Current Application Deadline: Jun 17, 2013
Original Application Deadline: Jun 17, 2013
Posted Date: Apr 18, 2013
Creation Date: Apr 18, 2013
Archive Date: Jul 17, 2013
Total Program Funding: $2,200,000
Maximum Federal Grant Award: $245,000
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 - Special district governments - Independent school districts - Public and State controlled institutions of higher education - Native American tribal governments (Federally recognized) - Public housing authorities/Indian housing authorities - Native American tribal organizations (other than Federally recognized tribal governments) - 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 - Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility
Public or private non-profit agencies are eligible for awards under this announcement. Applicants must also provide documentation of participation of a 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 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. The “match” mentioned in this announcement does not refer to the applicant finding additional funds to match funds being provided by the Federal government; it is the portion of federal funds to be allocated for matching clients' IDA savings. Faith-based and community organizations that meet eligibility requirements are eligible to receive awards under this funding opportunity announcement. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.
Grant Announcement Contact
ACF Applications Help [email protected]
ACF Applications Help Desk [[email protected]]
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