Discretionary Funds for Projects to Establish Individual Development Account (IDA) Programs for Refugees

Archived

Administration for Children and Families

Description

ORR invites qualified entities to submit competing grant applications for new projects that will establish, support, and manage IDAs for eligible low-income refugee individuals and families. The refugee IDA Program represents an anti-poverty strategy built on asset accumulation for low-income refugee individuals and families with the goal of promoting refugee economic independence. In particular, the objectives of this program are to: encourage regular saving habits among refugees; promote refugee participation in the financial institutions of this country; promote refugee acquisition of assets to build individual, family, and community resources; increase refugee knowledge of financial and monetary topics; assist refugees in advancing their education; increase home ownership among refugees, and assist refugees in gaining access to capital. These new grantees will accomplish these objectives by establishing programs that combine the provision of matched savings accounts with financial training and couseling.

Who can apply

  • State governments
  • County governments
  • City or township governments
  • Independent school districts
  • Public and State controlled institutions of higher education
  • Nonprofits with 501(c)(3) status (other than higher education)
  • Nonprofits without 501(c)(3) status (other than higher education)
  • Private institutions of higher education

Contact

ACF Applications Help Desk<br/>app_support@acf.hhs.gov<br/>
app_support@acf.hhs.gov

Key dates & funding
  • PostedMay 27, 2010
  • ClosesJul 12, 2010
  • Award floor$200,000
  • Award ceiling$300,000
  • Program funding$1,800,000
  • Expected awards8
  • CFDA93.576

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