Assets for Independence (AFI)

Success Story

No funds were appropriated for the Assets for Independence (AFI) program for federal fiscal year 2017. Therefore, the Administration of Children and Families (ACF) will not be making new grant awards for the AFI program.

AFI grants awarded in FY 2016 and before are not affected by the FY 2017 appropriation, as the total award amount was obligated for those grants at the time that they were made. Organizations operating AFI projects with existing grants are responsible for continuing to operate those projects for the funded project period indicated on the notice of grant award.

Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within through the use of matched savings accounts called Individual Development Accounts (IDAs). Through financial education, AFI demonstrates the use and impact of IDAs to help low-income individuals move toward greater self-sufficiency.

Read More About AFI

  • AFI Fact Sheet

    Published: March 29, 2017
    The Assets for Independence Program Summary includes information regarding the program's grant, including the type of grant, the appropriation amount, the
  • Building Financial Capability

    Published: March 26, 2015
    Building Financial Capability: A Planning Guide for Integrated Services (available for download below), is an interactive guide for community-based
  • AFI Legislation: Assets for Independence Act 42 USC 604

    Published: May 30, 2012
    AFI was established by the Assets for Independence Act (AFI Act) in Title IV of the Community Opportunities, Accountability and Training and Educational
  • Help with Buying a Home

    Published: December 15, 2014
    Program Assets for Independence (AFI), a Federal program administered by the Department of Health and Human Services (HHS), enables nonprofits and government
  • Help Starting a Business

    Published: December 15, 2014
      Assets for Independence (AFI), a Federal program administered by the Department of Health and Human Services (HHS) enables nonprofits and government
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