Assets for Independence (AFI)
Success Story
No funds were appropriated for the Assets for Independence (AFI) program for federal fiscal year 2017. Therefore, the Administration of Children and Families (ACF) will not be making new grant awards for the AFI program.AFI grants awarded in FY 2016 and before are not affected by the FY 2017 appropriation, as the total award amount was obligated for those grants at the time that they were made. Organizations operating AFI projects with existing grants are responsible for continuing to operate those projects for the funded project period indicated on the notice of grant award. |
Assets for Independence (AFI) is a community-based approach for giving low-income families a hand up out of poverty. Utilizing existing individual and community assets, AFI strengthens communities from within through the use of matched savings accounts called Individual Development Accounts (IDAs). Through financial education, AFI demonstrates the use and impact of IDAs to help low-income individuals move toward greater self-sufficiency.
AFI Resources
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AFI Fact Sheet
Published: November 14, 2018The Assets for Independence Program Summary includes information regarding the program's grant, including the type of grant, the appropriation amount, theIntegrating Financial Capability Services into State Temporary Assistance for Needy Families (TANF) Agencies
The brief shares lessons and approaches for how state TANF agencies can integrate financial capability services into TANF and other emergency assistanceIntegrating Financial Capability Services into Tribal TANF: A Case Study
Published: October 3, 2018The brief describes the experience of the Pascua Yaqui Indian Tribe, which worked to integrate financial capability services into its TANF program.Integrating Financial Capability Services into Tribal LIHEAP
Published: June 21, 2018The brief shares lessons and approaches for how tribal-serving organizations can integrate financial capability services into LIHEAP and other emergencyAFI IM Revised Programmatic Reporting Requirements
Published: November 21, 2017The purpose of this Information Memorandum (IM) is to revised programmatic reporting requirements. Please see the attached full Information Memorandum for
AFI Fact Sheet
Published: November 14, 2018The Assets for Independence Program Summary includes information regarding the program's grant, including the type of grant, the appropriation amount, theBuilding Financial Capability
Published: March 26, 2015Building Financial Capability: A Planning Guide for Integrated Services (available for download below), is an interactive guide for community-basedAFI Legislation: Assets for Independence Act 42 USC 604
Published: May 30, 2012AFI was established by the Assets for Independence Act (AFI Act) in Title IV of the Community Opportunities, Accountability and Training and EducationalHelp with Buying a Home
Published: December 15, 2014Program Assets for Independence (AFI), a Federal program administered by the Department of Health and Human Services (HHS), enables nonprofits and governmentHelp Starting a Business
Published: December 15, 2014Assets for Independence (AFI), a Federal program administered by the Department of Health and Human Services (HHS) enables nonprofits and government