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AFI Fact Sheet

November 14, 2018

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.

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.