ACF’s Asset Building Competition to Begin in March

The Admin. for Children and Families (HHS) is planning to reissue a new version in March to guide funding for the Assets for Independence Demonstration Program (CFDA Number: 93.602) (Funding Opportunity Number: HHS-2015-ACF-OCS-EI-1005).

Generally, AFI is guided by a three-year standing solicitation and has multiple deadlines each fiscal year. This means a solicitation sets the parameters and deadlines for several years. The current solicitation was pulled in its second year last fall so it could be tweaked to meet new federal requirements for grantmaking. ACF has not provided specifics on how many years the reissued solicitation will cover.

The first deadline under the reissued AFI solicitation is expected to be May 5, with $9 million available for approximately 40 funding awards. The awards will range from $10,000 to $1 million each.

AFI provides five-year grants to empower low-income families to become economically self-sufficient for the long-term. Participants receive financial education training on money management issues and special matched savings accounts called Individual Development Accounts. Participants use the IDAs to accumulate funds with the goal of acquiring a first home, post-secondary education, or starting up or expanding a small business. Community action agencies do very well with this funding. Faith-based groups also are among recent awardees.

Contact: Gretchen Lehman, 866/778-6037; e-mail, info@idaresources.org;

About Frank Klimko

Frank Klimko is a nationally known journalist, grants expert and speech writer/speaker. He has years of experience helping nonprofits devise lists of the right funding opportunities and secure funding from these foundations and corporate entities. Clients have focused on an array of areas including child care, homeless, hunger and K-12 education. Additionally, he is a Freedom of Information Act expert, who has helped numerous clients with securing proprietary information from the federal government. Currently, Frank Klimko writes the Children & Youth Funding Report and Private Grants Alert, which are Washington DC-based publications. CYF is a daily publication covering Congress, the Education Dept. and the various federal regulatory agencies. PGA, another daily publication, covers the world of private philanthropy.
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