ACF Awards over $3.9 Million for Individual Development Account Projects Grants

The Office of Community Services awarded 18 Assets for Independence (AFI) grants totaling more than $3.9 million to community-based organizations and government agencies, which will provide low-income individuals and families with access to Individual Development Accounts (IDAs) as well as training on financial education. Every saved dollar deposited into an IDA by a participant is matched and enables participants to save to acquire assets such as a first home, a small business for self-employment, or post-secondary education or training.