AFI is now accepting new applications for funding!
By Carol Wayman on 03/03/2011 @ 09:15 AM
The Assets for Independence (AFI) program is now accepting new applications for funding AFI projects. While applicants may submit materials at any time throughout the year, the Office of Community Services (OCS) will review and fund new grants in two cycles for the calendar year of 2011 and three cycles in the calendar years 2012 and 2013.
Spring Cycle – March 31, 2011
Summer Cycle – May 25, 2011
Winter Cycle – January 25, 2012
Spring Cycle – March 26, 2012
Summer Cycle – May 25, 2012
Winter Cycle – January 25, 2013
Spring Cycle – March 25, 2013
Summer Cycle – May 24, 2013
The full funding announcement can be found here. OCS must receive the applications no later than 4:30 p.m. Eastern Time of the due date.
Ask Your Legislators to Reauthorize AFI
The Assets for Independence Program is the largest federal grant program for Individual Development Accounts in the country. According to AFI's tenth report to Congress, it has provided funding for more than 600 projects and has helped tens of thousands of low-income households to leverage nearly $100 million dollars for their economic security through homeownership, higher education and/or microenterprise.
Reauthorization presents an important opportunity to make critical modifications to increase AFIA's utilization, ensure the success of your matched savings program and others around the country and continue to provide a crucial funding source for the IDA field and the thousands of working-poor families who are saving and building assets for their future.
Ask your legislators to support the reauthorization of the Assets for Independence Program! Click the TAKE ACTION link at the top right corner on this page and send a letter to your legislator asking them to reauthorize the program.