The Administration for Children and Families (ACF), recently released their Assets for Independence(AFI)grant announcement. According to ACF, grantees provide an array of supports and services to individuals and families with low incomes to become economically self-sufficient for the long-term. Project participants are given access to special 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 also ensure that participants have access to financial literacy education and coaching including training on money management and consumer issues.
The remaining application due dates for AFI are March 25, 2010 and June 25, 2010.
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