Native Asset Building Initiative

Asset building is an approach to overcoming poverty that emphasizes the value of sound family budgeting, money management, savings, and investment in long term assets.

The Office of Community Services (OCS) and the Administration for Native Americans (ANA) have partnered to increase access to

and awareness of asset building opportunities in Native American communities.

OCS and ANA are program offices within the Administration for Children and Families (ACF).

OCS and ANA will accept applications to establish and administer asset building projects with a focus on Assets for Independence (AFI) projects.

The AFI focus of each project requires that eligible participants are given access to matched savings accounts, called Individual Development Accounts (IDA), in which participants save earned income for the purchase of a home, for business capitalization, or to attend higher education or training.

Grantees will provide an array of additonal supports and services to enable low-income individuals and families to become economically self-sufficient for the long term.

Additonal services offered to participants may include financial literacy education, credit counseling, coaching on money management and consumer issues, business support, home ownership support services, and other supportive services that enable them to become more financially secure.

The IDA portion of the project is funded by OCS.

ANA funds may be used to pay for costs associated with project administration and to provide other asset-building strategies.

Under the funding opportunity announcement (FOA), applicants will submit 1 application that identifies a single work plan and 2 budgets, that is, a budget for each award.

Successful applicants will receive an OCS-AFI award and an ANA-SEDS award.
Related Programs

Assets for Independence Demonstration Program

Department of Health and Human Services

Native American Programs

Department of Health and Human Services

Who's Eligible

Relevant Nonprofit Program Categories

Obtain Full Opportunity Text:

Additional Information of Eligibility:
Eligible applicants include: Native 501(c)(3) non-profits serving Native Americans, Native non-profit organizations designated by the Secretary of the Treasury as Community Development Financial Institutions (CDFIs) that demonstrate a collaborative relationship with a local community-based organization whose activities are designed to address poverty and the needs of community members for economic independence and stability, and Federally recognized Tribal governments or Alaska Native Villages, as defined in the Alaska Native Claims Settlement Act, that are joint applicants with a 501(c)(3) Native non-profit organization.

A full listing of eligible entities under this announcement will be published in the funding opportunity announcement.

Faith-based and community organizations that meet the eligibility requirements are eligible to receive awards under this funding opportunity announcement.

Faith-based organizations are encouraged to review the ACF Policy on Grants to Faith-Based Organizations at: http: //

Applications from individuals (including sole proprietorships) and foreign entities are not eligible and will be disqualified from competitive review and from funding under this announcement.

Full Opportunity Web Address:

ACF Applications Help

Agency Email Description:
ACF Applications Help Desk

Agency Email:

Date Posted:

Application Due Date:

Archive Date:

recruiting trends report by Michigan State University’s (MSU) Collegiate Employment Research Institute discovers that the financial services sector is decreasing the hiring rate for Bachelor’s degrees from “double-digit expansion”.

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