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Page was blocked by a bot protection redirect (Radware/perfdrive.com), preventing full content access. FAIM program exists at dcyf.mn.gov but content could not be retrieved.
Personal Vehicle Purchase (FAIM) is a grant from Family Assets For Independence in Minnesota that funds matched savings toward the purchase of a personal vehicle for low-income Minnesota residents. The program matches participants' savings to help them afford a vehicle, building financial assets while addressing transportation barriers.
FAIM supports asset-building strategies that promote long-term economic stability for working families with limited means. Eligible applicants must be Minnesota residents aged 18 or older with a valid MN driver's license, earned income, total household net assets less than $10,000, and combined household annual gross income at or below 200% of the federal poverty guideline.
Specific match ratios and maximum award amounts depend on program availability and individual savings.
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# Family Assets for Independence in Minnesota | Minnesota Department of Children, Youth, and Families * Translate English中文（简体)")中文（普通話)")EspañolTiếng ViệtLus Hmoobភាសាខ្មែរSoomaali * Individuals and FamiliesToggle submenu ## Individuals and Families * Adoption, Foster Care and Kinship Supports * Child Care and Early Learning * Child Safety and Family Preservation * Foster Youth Transitions * Partners and ProvidersToggle submenu ## Partners and Providers * Child Safety and Permanency * FFPSA-Human-Trafficking-Training * County Governments and Tribal Nations * Cash, Food and Employment * Child Care and Early Learning * Technology and System Modernization * Get InvolvedToggle submenu * Advisory Boards and Councils * African American Child and Family Well-Being Advisory Council * Program integrity: Federal funding and DCYF oversight * * About UsToggle Submenu [](https://dcyf.
mn. gov/family-assets-independence-minnesota) 2. Family Assets for Independence in Minnesota # Family Assets for Independence in Minnesota **Family Assets for Independence in Minnesota (FAIM)** is a matched savings program designed to help low-income working Minnesotans escape poverty and build financial security.
Participants save their wages toward specific life-enhancing goals, such as purchasing a first home, pursuing higher education, starting or expanding a small business, or buying a personal vehicle. In 2024, FAIM introduced two pilot tracks: saving for a young child’s future education through a 529 college savings plan and a limited emergency savings.
By matching participant savings and providing financial and asset-related training, FAIM provides the tools and resources to create lasting wealth and independence. **Minnesota Department of Children, Youth, and Families** * [](https://www. facebook.
com/mndcyf/ "(opens in a new window)") * [](https://www. linkedin. com/company/mndcyf "(opens in a new window)") Minnesota Department of Children, Youth, and Families [](https://dcyf.
mn. gov/family-assets-independence-minnesota#)
According to the current listing, eligibility includes: Minnesota residents aged 18+, with a valid MN driver's license, earned income, total household net assets less than $10,000, combined household annual gross income at or below 200% of the federal poverty guideline. Confirm the full requirements in the official notice before applying.
Personal Vehicle Purchase (FAIM) is funded by Family Assets For Independence in MN. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Minnesota. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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