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AFI Fact Sheet Apply for an AFI Grant

Published: May 30, 2012
Assets for Independence (AFI)
About, Fact Sheet

Apply for an AFI Grant

"AnewAmerica began its IDA program to help their participants, mostly immigrants, overcome barriers in overcoming poverty. During the program, participants of diverse generations, cultures, and educational backgrounds work together...”

— Sylvia Rosales-Fike, AnewAmerica president and CEO.

The Assets for Independence (AFI) program provides five-year grants to nonprofit organizations and government agencies that empower low-incomegroup of people from anewamerica families to becomeeconomically self-sufficient for the long-term.  Grantees provide financial educationtraining on money management issues, and they assist participants with saving earned income in special matched savings accounts called Individual Development Accounts (IDAs).  Participants use the IDAs to accumulate funds with the goal of acquiring a first home, post-secondary education, or starting up or expanding a small business. The program is administered by the Federal Office of Community Services, within the U.S. Department of Health and Human Services.

See About AFI for important information regarding program guidelines, project activities, clients served, size of project grants, and AFI legislation.


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