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: The Office of Community Services (OCS) within the Administration for Children and Families (ACF) announces that competing applications will be accepted for grants to administer projects for the national Assets for Independence (AFI) of Individual Development Accounts (IDAs). The projects will provide IDAs and related services to individuals and families with low incomes. A primary feature of each AFI project is that participants save earned income in an IDA to purchase a home, capitalize or expand a business for self-employment, or attend postsecondary education or training. Projects also ensure that participants have access to financial education training and coaching, including family budgeting, debt and credit counseling, using mainstream financial products, and accessing refundable tax credits. As a condition of their federal AFI grant, grantees must provide non-federal funds to support their AFI project in an amount at least equal to the Federal AFI grant amount. This is a standing announcement. For the next three Fiscal Years (2014, 2015, 2016), there will be multiple application due dates during each year.

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-2014-ACF-OCS-EI-0774
Type of Funding:	Grant
CFDA Numbers:	93.602
CFDA Descriptions:	Assets for Independence Demonstration Program
Current Application Deadline:	May 7, 2014 Electronically submitted applications
Original Application Deadline:	May 7, 2014 Electronically submitted applications
Posted Date:	Mar 7, 2014
Creation Date:	Mar 7, 2014
Archive Date:	Aug 4, 2014
Total Program Funding:	$12,500,000
Maximum Federal Grant Award:	$1,000,000
Minimum Federal Grant Award:	$10,000
Expected Number of Awards:	50
Cost Sharing or Matching:	Yes

Applicants Eligible for this Grant: Public and State controlled institutions of higher education
Small businesses
Private institutions of higher education
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Independent school districts
Native American tribal governments (Federally recognized)
Native American tribal organizations (other than Federally recognized tribal governments)
State governments
City or township governments
County governments
Special district governments
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
For profit organizations other than small businesses
Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
Public housing authorities/Indian housing authorities
Additional Information on Eligibility: Non-profit entities without 501(c)(3) status may only apply as a collaboration/consortia applicant with an entity that does have 501(c)(3) status. Additionally, governmental entities are eligible only as collaboration/consortia applicants with a non-profit organization having 501(c)(3) status. Applications submitted by collaboration/consortia applicants, for example, by a state, a local or tribal government agency, and a non-profit organization must clearly identify the organizations that are the collaboration/consortia applicant. An authorized representative of the designated organization that will be responsible for grant administration and AFI project implementation must sign the grant application. The responsible applicant may be either the government entity or the non-profit organization.
Low-Income Credit Unions and Community Development Financial Institutions are eligible 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. Such community-based organizations may be entities such as philanthropic foundations, community foundations, for-profit organizations, or non-profit organizations. If a non-profit, they are not required to have 501(c)(3) status. Low-Income Credit Unions and Community Development Financial Institutions may also be a subsidiary of or otherwise affiliated with a state, local or tribal government, or any non-profit or for-profit organization. Faith-based and community organizations that meet the eligibility requirements are eligible to receive awards under this funding opportunity announcement. Faith-based organizations are encouraged to review the ACF Policy on Grants to Faith-Based Organizations at: http://www.acf.hhs.gov/acf-policy-on-grants-to-faith-based-organizations. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.
Link to Full Grant Announcement: http://www.acf.hhs.gov/grants/open/foa/view/HHS-2014-ACF-OCS-EI-0774
Grant Announcement Contact: ACF Applications Help Desk [email protected]
ACF Applications Help Desk

Administration for Children and Families - OCS 202-690-7110
Similar Government Grants: • Native Asset Building Initiative; • Opportunity HHS-2008-ACF-OCS-EI-0053
More Grants from the Administration for Children and Families OCS: • Community Economic Development Planning Grants; • Medical-Legal Partnerships Plus (+); • Affordable Housing and Supportive Services Demonstration; • Diaper Distribution Demonstration and Research Pilot; • Community Services Block Grant (CSBG) Legal Training and Technical Assistance (T/TA)