Assets for Independence Demonstration Program

The purpose of the Assets for Independence (AFI) program is to demonstrate and evaluate the effectiveness of asset-building projects that assist low-income people in becoming economically self-sufficient by teaching them about economic and consumer issues and enabling them to establish matched savings
accounts called individual development accounts (IDAs).

The program is demonstrating and evaluating the effects of AFI projects and IDAs in terms of increasing the economic self-sufficiency of low-income families; promoting savings for home ownership, post-secondary education, and small business or micro-enterprise development; and stabilizing families and communities.

Agency - Department of Health and Human Services

The Department of Health and Human Services is the Federal government's principal agency for protecting the health of all Americans and providing essential human services, especially to those who are least able to help themselves.




Selected Recipients for this Program


RecipientAmount Start DateEnd Date
Foundation Communities, Inc. $ 63,530   2015-09-302021-09-30
Montana Credit Unions For Community Development $ 100,000   2015-09-302021-09-30
Indiana Housing And Community Development Authority $ 731,618   2016-09-302021-09-29
Salvation Army, The $ 50,000   2016-09-302021-09-29
University Of Arizona $ 731,618   2016-09-302021-09-29
Oregon Alliance Of Independent Colleges And Universities $ 425,000   2016-09-302021-09-29
Northern Arizona University $ 500,000   2016-09-302021-09-29
Red River Valley Community Action Inc $ 143,750   2016-09-302021-09-29
Angelic Organics Learning Center Inc. $ 18,824   2016-09-302021-09-29
Arizona State University $ 731,618   2016-09-302021-09-29



Program Accomplishments

Fiscal Year 2016: 42 grants awarded. Fiscal Year 2017: No funding in FY 2017. Fiscal Year 2018: No funding in FY 2018.

Uses and Use Restrictions

The AFI Act imposes the following limitations on uses of AFI grant funds: Entities that receive AFI grants must reserve at least 85% of the Federal AFI grant amount for matching participants' IDA savings.

The grantee entities may use no more than 15% of the Federal AFI grant amount for all other costs such as administering the project, reporting, and recruiting and enrolling participants; training participants in such areas as financial education, economic literacy, budgeting, and credit; providing supports that assist participants to achieve economic self-sufficiency; and providing information to organizations evaluating the AFI demonstration.

Eligibility Requirements

Applicant Eligibility

This program supports innovative projects administered by national, State-wide, regional and community-based organizations.

Eligible applicants are: [(1) Private nonprofit organizations that are tax exempt under Section 501(c)(3) of the Internal Revenue Code;] (2) State or local governments or agencies or Tribal governments submitting applications jointly with; (3) credit unions designated as low-income credit unions by the National Credit Union Administration; or an organization designated as a Community Development Financial Institution by the Secretary of the Treasury.

Beneficiary Eligibility

The Assets for Independence Act limits eligibility for participation in AFI-funded projects to individuals and families with the following characteristics: 1) Individuals who are members of households that are eligible to receive support under the Federal Temporary Assistance for Needy Families program; 2) Individuals whose adjusted gross household income is less than twice the Federal poverty line, taking into consideration the number of household members, and whose household net worth as of the end of the prior calendar year was less than $10,000; and 3) Individuals whose adjusted gross household income enables them to qualify for the Federal Earned Income Tax Credit, taking into consideration the number of household members, and whose household net worth as of the end of the prior calendar year was less than $10,000. When determining the net worth of the household, a household's assets shall not be considered to include the primary dwelling unit and one motor vehicle owned by a member of the household.

Credentials/Documentation

Low Income Credit Unions must submit official documentation that the National Credit Union Administration has designated the organization as such. Community Development Financial Institutions must submit documentation that the Department of the Treasury has designated the organization as such. Private nonprofit organizations that are tax exempt under Section 510(3) of the Internal Revenue Code must provide documentation of nonprofit status. Applications submitted by credit unions and community development financial institutions must demonstrate a strong collaborative relationship with one or more community-based organization(s) that seek to address poverty and the economic needs of community residents. Title 45 CFR Part 75 applies to this program. 2 CFR 200, Subpart E - Cost Principles applies to this program.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is required.

Environmental impact information is not required for this program.

This program is eligible for coverage under E.O.

12372, 'Intergovernmental Review of Federal Programs.' An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review.

Application Procedures

2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Awards are granted on a competitive basis. Announcements concerning the availability of funds, requests for applications, along with application form and assurance documents are on www,grants.gov website. Applications to the Office of Community Services for grants under the announcement should submit thorough the grants.gov website. Applicants are urged to inform and coordinate application submissions with State and local governments where such information and coordination is appropriate or necessary for the success of the program. This program is subject to the provisions of Title 45 CFR Part 75 (non-governmental entities). All applications for assistance under this program must contain: (1) SF-424, Application for Federal Assistance; (2) SF-424A, Budget Information; (3) SF-424B, Assurances, Non-Construction Programs; (4) Certificate Regarding Drug Free Workplace Requirements; (5) Certification regarding environmental tobacco smoke; (6) Certification Regarding Debarment, Suspension, and Other Responsibility Matters; and (7) Certification Regarding Lobbying. These must be accompanied by a detailed budget, and a program narrative submitted in accordance with the format detailed in the Funding Opportunity Announcement (FOA).

Award Procedures

The Director, Office of Community Services makes funding decisions based on recommendations of a panel of experts who review funding proposals. The panel review is based on criteria set forth in the program announcement.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

Assets for Independence Act.

Range of Approval/Disapproval Time

From 60 to 90 days. Applications will normally be approved/disapproved and grant awards made within 90 days of application receipt.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. This program has no matching requirements. The matching requirement is for a non-federal cash contribution. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

These grants have 5-year budget and project periods. Grantees may access grant funds throughout the period to the extent that they have the required non federal cash support on hand. See the following for information on how assistance is awarded/released: Grantees may access federal grant funds to the extent that they have the required non-federal cash contribution. See the following for information on how assistance is awarded/released: Grantees may access federal grant funds to the extent that they provide proof of the required non-federal cash contribution.

Post Assistance Requirements

Reports

Standard Form ? Performance Progress Report (SF-PPR).

Standard Form - Federal Financial Report (SF-425).

Standard Form ? Performance Progress Report (SF-PPR).

Standard Form - Federal Financial Report (SF-425).

Data Report.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.

Records

Program records, financial records, and all other records pertinent to the award shall be retained for a period of three years from the date of submission of the final expenditure report.

Financial Information

Account Identification

75-1536-0-1-506.

Obigations

(Salaries) FY 16 $980,475; FY 17 est $0; and FY 18 est $0. (Project Grants (Discretionary)) FY 16 $13,655,768; FY 17 est $0; and FY 18 est $0. (Training) FY 16 $2,717,457; FY 17 est $0; and FY 18 est $0

Range and Average of Financial Assistance

The Office of Community Services (OCS) awards grants for this program ranging up to $1,000,000. The average grant is approximately $350,000. Eligible entities may apply for new grants up to the statutory limit of $1,000,000 for 5-year project periods.

Regulations, Guidelines, and Literature

The following regulations: Title 45 CFR Part 75 Uniform Administrative requirement, Cost Principles, and Audit requirements for HHS awards, Part 16 - DHHS Grant Appeals Process, Part 76 - Debarment and Suspension from Eligibility For Financial Assistance, Sub part F - Drug Free Workplace Requirements, Part 80 - Non-discrimination Under Programs Receiving Federal Assistance through Department of Health and Human Services Effectuation of Title VI of the Civil Rights Act of 1964, Part 81 - Practice and Procedures for Hearings Under Part 80 of this Title, Part 83 - Regulation for the Administration and Enforcement of Sections 799A and 845 of the Public Health Service Act, Part 84 - Non-discrimination on the Basis of Handicap in Programs and Activities Receiving Federal Financial Assistance, Part 85 - Enforcement of Non- discrimination on the Basis of Handicap in Programs or Activities Conducted by Department of Health and Human Services, Part 86 - Non- discrimination on the Basis of Sex in Education Programs and Activities Receiving or Benefiting from Federal Financial Assistance, Part 91 - Non-discrimination on the Basis of Age in Health and Human Services Programs or Activities Receiving Federal Financial Assistance, Part 93 - New Restrictions on Lobbying, Part 1000 - Individual Development Accounts.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Vernae Martin 330 C Street, SW 5th Floor West Mail Stop 5425, Washington, District of Columbia 20201 Email: vernae.martin@acf.hhs.gov Phone: 202-401-5692

Criteria for Selecting Proposals

(1) Organization experience and administrative capability; (2) Sufficiency of the project, design and plan: The degree to which the project described in the application appears likely to aid project participants in achieving economic self-sufficiency through activities requiring one or more of the qualified expenses (home purchase, post secondary education or training, or business capitalization); (3) Adequacy of plan for providing information for evaluation; (4) Commitment of non-federal funds and additional resources; (5) Results or benefits expected; and (6) Significant and beneficial impacts.


Village Capital announced the winners of the $50,000 prize awarded to social entrepreneurs who don’t “self-define as social  entrepreneurs”. The winners didn’t start out thinking of themselves as social enterprises.




Human Services Jobs

  Foundation Related Jobs
  Foundation Related Jobs
  Executive Director Jobs
  Program Director Jobs
  Education Jobs