The Assets for Independence Program Summary includes information regarding the program's grant, including the type of grant, the appropriation amount, the legislative authority, the program's purpose, target population, and eligible applicants.
Assets for Independence (AFI), a Federal program administered by the Department of Health and Human Services (HHS), enables nonprofits and government agencies to implement and demonstrate an assets-based approach that improves the economic status of working individuals and families. To locate an AFI IDA program near you, please go to AFI Project Locator.
Many 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.