Tuesday, January 29, 2008

Assets for Independence Demonstration Program

The Administration for Children and Families (ACF), Office of Community Services (OCS) is accepting applications for grants to establish and administer Assets for Independence (AFI) projects.

Grantees provide an array of supports and services to enable individuals and families with low incomes to become 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), in which participants save earned income for the purchase of a home, for business capitalization, or to attend higher education or training.

Applications are due March 25, 2008. To view the full announcement, CLICK HERE.

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