Assets for Independence Demonstration Program
Inactive
- Assistance listing
- 93.602
- Agency
-
Administration for Children and Families
Department of Health and Human Services
- Grant awards
- 906 $250,780,350 in federal obligations
Program facts
- Assistance types
-
- Project Grant
- Block Grant
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Health and Human Services Administration for Children and Families will not be making new grant awards under the Assets for Independence (AFI) Demonstration Program (CFDA 93.602), as no funds have been appropriated since federal fiscal year 2017.
The program historically funded individual development account (IDA) projects that provided matched savings accounts and related financial services to low-income individuals. Participants opened IDAs, saved earned income that was matched by project funds, and used combined savings and matching funds for allowable assets: a first home, business startup, or post-secondary education and training. Projects also delivered financial education, asset-specific training, financial coaching, credit-building services, and tax preparation assistance. Award recipients included nonprofits, state and local governments in joint applications with nonprofits, Community Development Financial Institutions, and Low-Income Credit Unions with community partnerships.
The program distributed $250.8 million in combined federal funding across 906 awards from 1999 through 2016. The Administration for Children and Families accounted for the overwhelming majority of awards and federal dollars obligated. Award activity peaked in 2012 with 61 awards, then settled at 42 to 50 awards annually through 2016, with the final grant awards made on September 30, 2016. The assistance-type mix consisted predominantly of Project Grants (85 percent, 771 awards) with a smaller share of Block Grants (15 percent, 135 awards). Recent representative awards included Washington State University's Assets for Independence Project ($1 million), Family Assets for Independence in Minnesota ($1 million), and projects administered by United Way of Greater Kansas City ($100,000).
The most recent grant opportunity (HHS-2015-ACF-OCS-EI-1005) posted April 8, 2015, with a due date of October 31, 2016, and required applicants to commit non-federal matching funds equal to or exceeding the federal grant amount over the five-year grant period. No current opportunities are open.
Objective and description
- Objective
No funds were appropriated for the Assets for Independence (AFI) program since federal fiscal year 2017, therefore, the Administration of Children and Families (ACF) will not be making new grant awards for the AFI program. The statutory purposes for
Grant opportunities
| Opportunity | Status | Posted | Applications due |
|---|---|---|---|
| Assets for Independence Demonstration Program | Closed |
Grant awards
Latest 10 of 906 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Indiana Housing And Community Development Authority | $10,731,618 | 4% |
| 2 | Community-Shelter Assistance | $5,737,244 | 2% |
| 3 | University Of Arizona | $4,317,122 | 2% |
| 4 | Arizona State University | $3,981,618 | 2% |
| 5 | Accion Opportunity Fund Community Development | $3,000,000 | 1% |
| 6 | Choctaw Nation Of Oklahoma | $2,600,000 | 1% |
| 7 | Department Of Community & Economic Development Pennsylvania | $2,500,000 | 1% |
| 8 | Prosperity Works | $2,500,000 | 1% |
| 9 | Northern Arizona University | $2,129,504 | 1% |
| 10 | AAA Fair Credit Foundation | $2,055,832 | 1% |
10 of 311 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2022 | -$2,601,398 |
| FY2021 | -$12,000 |
| FY2018 | $35,000 |
| FY2017 | -$235,000 |
| FY2016 | $12,924,150 |
| FY2015 | $11,427,989 |
| FY2014 | $9,823,672 |
| FY2013 | $12,753,219 |
| FY2012 | $10,640,057 |
| FY2011 | $15,479,802 |
| FY2010 | $11,026,326 |
| FY2009 | $12,434,370 |
| FY2008 | $17,530,928 |
| FY2007 | $18,300,399 |
| FY2006 | $11,220,841 |
| FY2005 | $14,558,415 |
| FY2004 | $19,525,694 |
| FY2003 | $15,876,390 |
| FY2002 | $37,310,078 |
| FY2001 | $22,761,418 |
Show all 20
Quick answers
What is Assistance Listing 93.602?
Assistance Listing 93.602 is Assets for Independence Demonstration Program, a federal grant program run by Administration for Children and Families (Department of Health and Human Services). It is inactive.
What is the CFDA number for Assets for Independence Demonstration Program?
Its CFDA number is 93.602: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 93.602 awarded?
906 grant awards under 93.602 have obligated $250,780,350 in federal funds to 311 recipients.
Who receives the most funding from 93.602?
The recipients obligated the most under Assets for Independence Demonstration Program are Indiana Housing And Community Development Authority ($10,731,618), Community-Shelter Assistance ($5,737,244) and University Of Arizona ($4,317,122).
Are there open grant opportunities under 93.602?
No opportunity listed under 93.602 is open now. The latest, Assets for Independence Demonstration Program, was posted on April 8, 2015.
On GovTribe
See this program's full record
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