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

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Most Recent Update: 04/18/2013 11:04:58 AM
Help Information   denotes Help Information
**   denotes change from the most previous version
Summary:
Funding Opportunity Number: HHS-2013-ACF-ORR-ZI-0572 Help for Funding Opportunity Number
Forecast ID Number: ACF-2013-FCAST-0325 Help for Forecast ID Number
Fiscal Year: 2013
** Funding Opportunity Title: Projects to Establish Individual Development Account (IDA) Programs for Refugees
CFDA Number: 93.576 Help for CFDA Number
Funding Activity Category: Income Security and Social Services (ISS) Help for Funding Activity Category
CFDA Number Description: Refugee, Alien Services
Funding Instrument Type Code(s): Grant Help for Funding Instrument Type Code(s)
Cost Sharing / Matching Requirement: No Help for Cost Sharing / Matching Requirement
Recovery Act: No
Affordable Care Act (ACA): No
 
Estimated Funding Information:
Estimated Funding: $2,200,000
Expected Number of Awards: 9
** Estimated Award Ceiling: $245,000 Help for Estimated Award Ceiling
Estimated Award Floor: $100,000 Help for Estimated Award Floor
 
Estimated Milestone Dates:
Estimated Post Date: 01/04/2013 Help for Estimated Post Date
Estimated Application Due Date: 03/05/2013
Help for Application Due Date Explanation Application Due Date Explanation: Electronically submitted applications must be submitted no later than 11:59 p.m., ET, on the listed application due date.
Estimated Award Date: 09/23/2013
Estimated Start Date: 09/30/2013
 
Eligibility:
Eligibility Category:
  • State governments
  • Help for Eligibility Category
  • 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 without 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 Eligibility Information: Help for Additional Eligibility Information

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.
 
** Description:

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 Agency Contact Information:
Federal Agency: Department of Health and Human Services
Name: Yimeem Vu
Email Address: yimeem.vu@acf.hhs.gov
Phone: (202) 401-4825
OpDiv: Administration for Children & Families
Sub OpDiv: Office of Refugee Resettlement
Division: Division of Refugee Services
 
Modification History:
Date Modified Version
04/18/2013 11:04:58 AM 3
01/18/2013 05:53:49 AM 2
10/15/2012 08:37:08 AM 1
 
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