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 OCS, which is the U.S. government agency offering this grant.
Assets for Independence Demonstration Program: This announcement is modified. Please note: ACF now requires electronic application submission via www.Grants.gov. Section IV.2. Content and Form of Application Submission, Budget and Budget Narrative, now states that the narrative budget justification must provide a breakdown for the 15% administrative costs for the entire project period (i.e. 5 years). Activities that may be funded by AFI monies (beyond the minimum 85% for IDA savings match): Financial education and related costs for participants opening an AFI-funded IDA; General program administrative costs (not more than 7.5% of AFI grant budget); and Data Collection for OCS-AFI administered evaluations (at least 2% of AFI grant budget). 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.
Federal Grant Title: | Assets for Independence Demonstration Program |
Federal Agency Name: | Administration for Children and Families OCS |
Grant Categories: | Income Security and Social Services |
Type of Opportunity: | Discretionary |
Funding Opportunity Number: | HHS-2011-ACF-OCS-EI-0137 |
Type of Funding: | Grant |
CFDA Numbers: | 93.602 |
CFDA Descriptions: | Assets for Independence Demonstration Program |
Current Application Deadline: | Multiple due dates - see full funding opportunity |
Original Application Deadline: | Multiple due dates - see full funding opportunity |
Posted Date: | Mar 28, 2012 |
Creation Date: | Mar 28, 2012 |
Archive Date: | Jan 24, 2014 |
Total Program Funding: | $15,000,000 |
Maximum Federal Grant Award: | $1,000,000 |
Minimum Federal Grant Award: | $5,000 |
Expected Number of Awards: | 50 |
Cost Sharing or Matching: | Yes |
- 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 - For profit organizations other than small businesses - Small businesses - Others (see text field entitled "Additional Information on Eligibility" for clarification)
- Additional Information on Eligibility
- Non-profit entities without 501(c)(3) status may only apply as a joint applicant with an entity that has the 501(c)(3) status. Governmental entities (such as a State, local, or Tribal governments or agencies) may only apply as a joint applicant with an entity that has the 501(c)(3) status. Low-Income Credit Unions and Community Development Financial Institutions may apply only if they demonstrate a strong collaborative relationship with one or more local community-based organization(s) that seek to address poverty and the economic needs of community residents. 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 Desk
ACF Applications Help Desk [[email protected]] - Similar Government Grants
- • Native Asset Building Initiative
- • Opportunity HHS-2008-ACF-OCS-EI-0053
- More Grants from the Administration for Children and Families OCS
- • Affordable Housing and Supportive Services Demonstration
- • Diaper Distribution Demonstration and Research Pilot
- • Community Economic Development Planning Grants
- • Community Economic Development Projects