Assets for Independence (AFI) Program

Assets for Independence (AFI) Program is sponsored by Administration for Children & Families (ACF). The AFI Program supports projects that help low-income individuals and families achieve economic self-sufficiency by providing grants to establish Individual Development Accounts (IDAs).

**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.

* AFI’s main initiatives include: * Awarding grants to non-profit organizations and government agencies that provide IDAs * Managing a national resource center to support AFI grantees and develop information on the use of IDAs and related asset-building strategies * Managing research on IDA usage and implementation 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. The Assets for Independence(AFI) program does not provide direct grants to individuals; AFI does not charge a fee for receiving a grant.

If you receive a message offering you an AFI grant or requesting a fee, please contact the U.S. Department of Health and Human Services (HHS) Fraud Hotline at 1-800-447-8477. For more information, please visit the Grant Fraud and Scamssite. Also review ACF’s Disclaimers website, here.

Rafael J. Elizalde, Program Manager Administration for Children and Families Department of Health and Human Services 330 C Street, SW, 5th Floor E-mail:OCSgrants@acf. hhs.

gov This page features Information Memorandum (IM) that detail official AFI program policy on various topics and Dear Colleague Letters that convey non-policy information for AFI grantees. The Office of Community Services provides annual Reports to Congress on the status of the Assets for Independence (AFI) program. The reports are based on data submitted annually for each active grant through the AFI Performance Progress Reports.

This is a starting point for AFI grantees looking for AFI program technical assistance materials. Each link below leads to a page with additional resources, organized by topic. Organizations withAssets for Independence (AFI)grants are presented by state.

There is no guarantee that an organization listed in this map currently has capacity to serve new participants, and the AFI Act provides grantees with discretion in selecting individuals among those eligible to participate in the AFI program. For more information on participant selection, see the relatedInformation Memorandum.

Since FY 2011, ACF’s Office of Planning, Research, and Evaluation has overseen a random assignment evaluation of the AFI program in partnership with OCS. The purpose is to evaluate the impact of AFI program participation on savings, savings patterns, and asset purchase by individuals and families with low incomes.

The Office of Community Services shares knowledge that has been developed through the Assets for Independence (AFI) program to fulfill AFI’s obligation as a demonstration program. One key area of knowledge development has been the integration of financial capability services into other programs and services serving individuals and families with low incomes.

Financial capability is defined as “the capacity, based on knowledge, skills, and access, to manage financial resources effectively. ” View the list of the most recent AFI grant awards: Thank you for your continued engagement and partnership with us to address and mitigate the spread of COVID-19. We highly value our strong ongoing partnership, and hope to continue to be a resource to you as you implement community mitigation techniques.

As you might imagine, a number of HHS divisions are releasing COVID-19-related information on funding and guidance. We thought it would be helpful to batch up information on key issues to keep you up-to-date.

Read Partnership to Address COVID-19 Spread 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.

The Office of Community Services (OCS) provides annual interim reports to Congress on the Assets for Independence (AFI) program, as required by Section 414(d)(1) of the AFI Act. The 17 th Annual AFI Report to Congress presents the status of the AFI program as of the end of federal fiscal year (FY) 2016. Read AFI Report to Congress (17th) FY 2016