From: Brimhall, Megan (HHS/OS) [mailto:Megan.Brimhall@...
Sent: Friday, May 28, 2004 1:19 PM
Subject: Assets for Independence Demonstration Program
Assets for Independence Demonstration Program
WHO: State, county, or city governments or agencies; Public Housing
Authorities; Tribal governments; non-profits; faith-based organizations;
private institutions of higher education; Low Income Credit Unions so
designated by the, National Credit Union Administration; Community
Development Financial Institutions so designated by the U.S. Treasury;
WHAT: Projects designed to assist low-income people in becoming
economically self-sufficient. They do so by helping clients learn about
economic and consumer issues and establish matched savings accounts
called Individual Development Accounts (IDA) in order to save for a
first home, a business or higher education.
WHEN: Applications due July 27, 2004.
AWARD AMOUNT: Approximately $18 million is expected to fund around 55
awards. The average anticipated award amount is $360,000 over 5 years.
CONTACT: For a link to the full program announcement, head to
v/2004/04-12129.htm>. For additional information on the program, please
contact James Gatz at (202) 401-4626 or email AFIProgram@...
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