Integrating Financial Capability
CFED’s Financial Capability Integration Projects
- The ASSET Initiative Partnership (AIP) is an effort led by the Office of Community Services within the Administration for Children and Families (ACF) to support ACF offices and their partner agencies and organizations in extending the benefits of financial education and asset-building services to more individuals and families across the nation. CFED is the lead contractor for this project and has focused on integration within community health centers, the Temporary Assistance for Needy Families program (TANF), Head Start, and youth transitioning out of foster care. This multi-year project has resulted in the development of Building Financial Capability: A Planning Guide for Integrated Services and Family Strengthening Through Integration and Scaling of Asset-Building Strategies. More resources are forthcoming.
- With support from the Bank of America Charitable Foundation, CFED is implementing an Integration Learning Cluster for housing, workforce development and emergency assistance agencies to integrate financial inclusion and asset building into their current work. Findings from our first Integration Learning Cluster can be found in Integration and Innovation: Lessons from Organizations Integrating Asset Building into Social Services.
- CFED’s leadership in Children’s Savings Accounts and embedding them within local school systems, public housing authorities, Head Start programs, and other large systems showcases the potential this type of integration has for bringing asset building to scale. See our work on Children’s Savings Accounts to learn more.