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This department is offering grants to administer projects for the national Assets for Independence (AFI) demonstration, promoting economic self-sufficiency for individuals and families with low incomes. Grantees will facilitate the use of Individual Development Accounts (IDAs) to help participants save earned income for assets like purchasing a home, starting a business, or pursuing higher education. The projects also include financial literacy education and coaching. The grant requires funding from both the Federal AFI grant and non-Federal cash. Applications are ongoing with specific due dates for each funding cycle, offering multiple opportunities to apply.
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Opportunity ID: 159694
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General Information
| Document Type:: | Grants Notice |
| Funding Opportunity Number:: | HHS-2011-ACF-OCS-EI-0137 |
| Funding Opportunity Title:: | Assets for Independence Demonstration Program |
| Opportunity Category:: | Discretionary |
| Opportunity Category Explanation:: | |
| Funding Instrument Type:: | |
| Category of Funding Activity:: | Income Security and Social Services |
| Category Explanation:: | |
| Expected Number of Awards:: | 50 |
| Assistance Listings Number(s):: | 93.602 — Assets for Independence Demonstration Program |
| Cost Sharing or Matching Requirement:: | Yes |
| Version:: | Synopsis 8 |
| Posted Date:: | Mar 28, 2012 |
| Last Updated Date:: | Apr 12, 2013 |
| Original Closing Date for Applications:: | |
| Current Closing Date for Applications:: | Jun 07, 2013 |
| Archive Date:: | Jan 24, 2014 |
| Estimated Total Program Funding:: | $ 15,000,000 |
| Award Ceiling:: | $1,000,000 |
| Award Floor:: | $5,000 |
Eligibility
| Eligible Applicants:: | Independent school districts |
| Additional Information on Eligibility:: | Non-profit entities without 501(c)(3) status may only apply as a joint applicant with an entity that has the 501(c)(3) status. Governmental entities (such as a State, local, or Tribal governments or agencies) may only apply as a joint applicant with an entity that has the 501(c)(3) status. Low-Income Credit Unions and Community Development Financial Institutions may apply only if they demonstrate a strong collaborative relationship with one or more local community-based organization(s) that seek to address poverty and the economic needs of community residents.
Faith-based and community organizations that meet eligibility requirements are eligible to receive awards under this funding opportunity announcement. Individuals and foreign entities are not eligible for awards made under this announcement. |
Additional Information
| Agency Name:: | Administration for Children and Families – OCS |
| Description:: | This announcement has been modified. In Section IV.3. Submission Dates and Times, the due date for applications has been changed to 6/07/2013. The Administration for Children and Families (ACF) is requesting applications for grants to administer projects for the national Assets for Independence (AFI) demonstration of the use and impact of Individual Development Accounts (IDAs) and related services. Grantees will provide an array of supports and services to enable individuals and families with low incomes to become more economically self-sufficient for the long-term. A primary feature of each AFI project is that project participants are given access to special matched savings accounts called Individual Development Accounts (IDA). Participants open an IDA and save earned income in the account regularly with the goal of accumulating savings to acquire an economic asset that will appreciate over time — specifically, to purchase a home, capitalize or expand a business for self-employment, or attend higher education or training. Grantees also ensure that participants have access to financial literacy education and coaching such as training on money management and consumer issues. Grant recipients must finance the projects with a combination of the Federal AFI grant and non-Federal cash. The non-Federal cash amount must be at least equal to the Federal AFI grant amount. Applications will be screened and evaluated according to requirements and criteria stated in this announcement. Unsuccessful applicants may submit new applications in any succeeding application cycle. This is a standing announcement, which will be effective until cancelled or changed by the Director of the Office of Community Services (OCS). There are multiple funding cycles in each of Federal Fiscal Years 2011, 2012, 2013, with application due dates for each cycle. |
| Link to Additional Information:: | |
| Grantor Contact Information:: | If you have difficulty accessing the full announcement electronically, please contact: |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Synopsis 8 | Apr 12, 2013 | |
| Synopsis 7 | ||
| Synopsis 6 | This is a modified announcement. | |
| Synopsis 5 | ||
| Synopsis 4 | This announcement has been modified as of December 06, 2012 | |
| Synopsis 3 | This announcement is modified. Please note: ACF now requires electronic application submission via www.Grants.gov. Section IV.2. Content and Form of Application Submission, Budget and Budget Narrative, now states that the narrative budget justification must provide a breakdown for the 15% administrative costs for the entire project period (i.e. 5 years). Activities that may be funded by AFI monies (beyond the minimum 85% for IDA savings match): Financial education and related costs for participants opening an AFI-funded IDA; General program administrative costs (not more than 7.5% of AFI grant budget); and Data Collection for OCS-AFI administered evaluations (at least 2% of AFI grant budget). The Administration for Children and Families (ACF) is requesting applications for grants to administer projects for the national Assets for Independence (AFI) demonstration of the use and impact of Individual Development Accounts (IDAs) and related services. Gran tees will provide an array of supports and services to enable individuals and families with low incomes to become more economically self-sufficient for the long-term. A primary feature of each AFI project is that project participants are given access to special matched savings accounts called Individual Development Accounts (IDA). Participants open an IDA and save earned income in the account regularly with the goal of accumulating savings to acquire an economic asset that will appreciate over time — specifically, to purchase a home, capitalize or expand a business for self-employment, or attend higher education or training. Grantees also ensure that participants have access to financial literacy education and coaching such as training on money management and consumer issues. Grant recipients must finance the projects with a combination of the Federal AFI grant and non-Federal cash. The non-Federal cash amount must be at least equal to the Federal AFI grant amount. Applicat ions will be screened and evaluated accordin | |
| Synopsis 2 | ||
| Synopsis 1 |
Package Status
Below are CLOSED Opportunity Package(s) no longer available for this Funding Opportunity:
Package No: 1
| Assistance Listings: | 93.602 |
| Competition ID: | CS-EI-12-300-013929 |
| Competition Title: | Assets for Independence Demonstration Program |
| Opportunity Package ID: | PKG00112052 |
| Opening Date: | Apr 12, 2013 |
| Closing Date: | Jun 07, 2013 |
| Agency Contact Information:: | null |
| Who Can Apply:: | Organization Applicants |
| mendatory_forms |
Application for Federal Assistance (SF-424) [V2.1] Other Attachments Form [V1.1] Project/Performance Site Location(s) [V1.4] Project Narrative Attachment Form [V1.1] Grants.gov Lobbying Form [V1.1] |
| optional_forms |
Key Contacts [V1.0] Budget Information for Non-Construction Programs (SF-424A) [V1.0] Assurances for Non-Construction Programs (SF-424B) [V1.1] Budget Information for Construction Programs (SF-424C) [V2.0] Assurances for Construction Programs (SF-424D) [V1.1] Disclosure of Lobbying Activities (SF-LLL) [V1.1] Faith Based EEO Survey [V1.2] |
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Packages
| Assistance Listings | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions | Who Can Apply: | |
|---|---|---|---|---|---|---|---|---|
| 93.602 | CS-EI-12-300-013929 | Assets for Independence Demonstration Program | PKG00112052 | Apr 12, 2013 | Jun 07, 2013 | View | null | Organization Applicants |
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