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Native American Communities
April 26, 2012In 1999, the Shoshone-Bannock Tribe started the first Native IDA program on the Fort Hall Indian Reservation. Since then, numerous Tribes and Native organizations have expanded their economic development efforts to include asset building services. Although these communities continue to face cultural and structural challenges to asset development, their successes illustrate that individual development accounts and other asset building strategies provide an opportunity to increase the financial self-sufficiency of Native Americans, including Native Hawaiians and Native Alaskans.
Refugee Communities
April 26, 2012Refugee families are very eager to enroll in IDA programs nationally. Historically, these families regularly complete their IDA savings successfully, and contribute greatly to their communities. The AFI Resource Center is putting together trainings and technical assistance for AFI grantees seeking to recruit and enroll refugee participants. This section also provides resources to assist with recruiting, enrolling, and serving refugee participants.
Domestic Violence Survivors
April 26, 2012Financial independence is often a pathway out of an abusive relationship. For those who wish to or who have left their abusers, many survivors are faced with considerable debt, poor credit, no credit history, lack of savings, and other financial hardships—often directly due to economic abuse they have experienced. Over the past several years domestic violence agencies and asset building organizations have begun exploring ways to boost the financial strength of domestic violence survivors.
ASSET Initiative
April 5, 2012The ASSET Initiative is a collaborative through which ACF offices and partner States, localities, community-based providers are highlighting the importance of financial education and other asset building services for individuals and families.
Building Assets for Fathers and Families
April 5, 2012Child support plays an important role in the finances of many families, both for the custodial parents or other family members caring for children who receive payments, and for the noncustodial parents (usually fathers) who pay child support. Both can benefit greatly from financial education and from access to asset building tools such as Individual Development Accounts (IDAs).
Financial Stability for Families With Young Children
April 26, 2012An estimated 40% of families with children in the U.S. are unable to cover basic expenses. This is especially true for families with young children. Family stability, including financial stability, is imperative for a young child’s development. Asset building, including savings, provides protection for families in certain economic hardships. The early learning community, including Head Start and child care providers, are natural partners to help connect families with young children to the asset building community.
Serving People With Disabilities
April 26, 2012AFI grantees and their partner organizations report that some people with disabilities are having trouble accessing and using IDAs. Because they are disproportionately low-income, people with disabilities account for a large share of the AFI target population, but they are underrepresented among IDA participants.
