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A Featured Story

Oct 23, 2009

A Featured Story

Federal and state policies have traditionally discouraged low-income and low-resource families from saving and accumulating assets. Though programs have shown greater recognition of the importance of asset accumulation in recent years, eligibility rules still hamper the ability of families to save for the future needs of children. Most means-tested public assistance programs have asset and income limits which are intended to ensure that assistance is targeted to the neediest individuals or families. For some programs, such as Food Stamps and Supplemental Security Income (SSI), the federal government sets the asset limits, while for others, such as Temporary Assistance to Needy Families, Medicaid, and the State Children’s Health Insurance Program, states may set the asset limit and even have the flexibility to eliminate asset tests entirely.

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Mar 17, 2010

CFED Self-Employment Tax Initiative Wins 2010 Community Reinvestment Award

The Self-Employment Tax Initiative (SETI), an initiative of the national nonprofit, Corporation for Enterprise Development (CFED), was recognized for its product innovation – using the annual income tax filing process to deliver business development services to low-income entrepreneurs – during the 2010 National Interagency Community Reinvestment Conference in New Orleans. The Citi Foundation received a 2010 Community Reinvestment Award for its support SETI. The Community Investment Award is presented to financial institutions that advance innovative solutions to the economic challenges facing lower-income communities.

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