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What is Earned Income?
April 26, 2012Earned income includes all the taxable income and wages you get from working.
Drawing Down Federal Funds Awarded On or After July 1, 2007
May 30, 2012Information regarding grants awarded on or after July 1, 2007 can be found here.
Reassigning Participants Among Your AFI Projects
May 30, 2012Many AFI grantees receive multiple program grants, requiring them to manage and budget for multiple AFI projects simultaneously. In such a case, a grantee may decide to transfer an IDA participant from one project to another. This is a common practice, and grantees considering it should review the official Information Memorandum (IM) which details official policy on the topic.
Guidance for Assets for Independence Grantees Concerning Treatment of Refundable Tax Credits
May 30, 2012Many low-income individuals and families who are eligible for AFI-funded IDA projects are also eligible to receive benefits from Federal refundable tax credits. These include the Federal Earned Income Tax Credit, Child Tax Credit, American Opportunity Credit, and the Making Work Pay Credit. This Guidance for AFI Grantees on Federal Tax Credits provides tips for AFI grantees on: 1) The effect of these credits on eligibility for participating in an AFI-funded IDA project; and 2) Depositing the credits as IDA savings.
Transferring an AFI Grant to Another Organization
May 31, 2012Transferring an AFI Grant to Another OrganizationThe Office of Community Services (OCS) created the AFI Resource Center so grantees would never think their problems are insurmountable. The Center has experts on virtually every issue that AFI projects confront, and grantees should always reach out if they're feeling overwhelmed.
EITC and Tax Assistance
April 26, 2012In 2008 more than 24 million workers claimed some $50 billion in Earned Income Credits (EIC). In 2009 the EIC could be worth as much as $5,657 for some working families. Providing IDA participants with information on free tax preparation and tax credits, such as the EIC, can significantly improve their financial well-being. Marketing the EIC and other credits, and providing tax preparation assistance to low-income families, are important components of effective AFI programs. One way to address both needs is through outreach and community partnership. This list of links and materials helps your organization serve low-income IDA participants; increase outreach and marketing capacity; maximize the ability to recruit, train, and retain tax volunteers; and understand links to asset-building strategies.
AFI Terms and Conditions
May 30, 2012The Grants Policy Statement details the relationship between AFI grantees and the offices that support them within the Department of Health and Human Services (HHS). These documents touch on many of the topics and procedures discussed elsewhere on this Web site.
AFI Resource Center
May 30, 2012The experts at the AFI Resource Center are the "first responders" in supporting AFI grantees. For virtually all programmatic, technical, or administrative issues, the center will have someone on hand to help.
AFI Reporting Overview
May 31, 2012"It is critical for all AFI grantees to submit accurate reports in a timely manner, both for the stability of their own projects and development of an ambitious national agenda."
