The synopsis for this grant opportunity is detailed below, following
this paragraph. This synopsis contains all of the updates to this
document that have been posted as of
03/28/2012
. If
updates have been made to the opportunity synopsis, update information
is provided below the synopsis.
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Document Type:
Grants Notice
Funding Opportunity Number:
HHS-2011-ACF-OCS-EI-0137
Opportunity Category:
Discretionary
Posted Date:
Mar 28, 2012
Creation Date:
Mar 28, 2012
Original Closing Date for Applications:
Multiple due dates - see full funding opportunity announcement for details
Current Closing Date for Applications:
Multiple due dates - see full funding opportunity announcement for details
Archive Date:
Jan 24, 2014
Funding Instrument Type:
Grant
Category of Funding Activity:
Income Security and Social Services
Category Explanation:
Expected Number of Awards:
50
Estimated Total Program Funding:
$15,000,000
Award Ceiling:
$1,000,000
Award Floor:
$5,000
CFDA Number(s):
93.602
--
Assets for Independence Demonstration Program
Cost Sharing or Matching Requirement:
Yes
Eligible Applicants
State governments
County governments
City or township governments
Special district governments
Independent school districts
Public and State controlled institutions of higher education
Native American tribal governments (Federally recognized)
Public housing authorities/Indian housing authorities
Native American tribal organizations (other than Federally recognized tribal governments)
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
Private institutions of higher education
For profit organizations other than small businesses
Small businesses
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility:
Non-profit entities without 501(c)(3) status may only apply as a joint applicant with an entity that has the 501(c)(3) status. Governmental entities (such as a State, local, or Tribal governments or agencies) may only apply as a joint applicant with an entity that has the 501(c)(3) status. Low-Income Credit Unions and Community Development Financial Institutions may apply only if they demonstrate a strong collaborative relationship with one or more local community-based organization(s) that seek to address poverty and the economic needs of community residents. Faith-based and community organizations that meet eligibility requirements are eligible to receive awards under this funding opportunity announcement. Individuals and foreign entities are not eligible for awards made under this announcement.
Agency Name
Administration for Children and Families - OCS
Description
This announcement is modified. Please note: ACF now requires electronic application submission via www.Grants.gov. Section IV.2. Content and Form of Application Submission, Budget and Budget Narrative, now states that the narrative budget justification must provide a breakdown for the 15% administrative costs for the entire project period (i.e. 5 years). Activities that may be funded by AFI monies (beyond the minimum 85% for IDA savings match): Financial education and related costs for participants opening an AFI-funded IDA; General program administrative costs (not more than 7.5% of AFI grant budget); and Data Collection for OCS-AFI administered evaluations (at least 2% of AFI grant budget). The Administration for Children and Families (ACF) is requesting applications for grants to administer projects for the national Assets for Independence (AFI) demonstration of the use and impact of Individual Development Accounts (IDAs) and related services. Grantees will provide an array of supports and services to enable individuals and families with low incomes to become more economically self-sufficient for the long-term. A primary feature of each AFI project is that project participants are given access to special matched savings accounts called Individual Development Accounts (IDA). Participants open an IDA and save earned income in the account regularly with the goal of accumulating savings to acquire an economic asset that will appreciate over time -- specifically, to purchase a home, capitalize or expand a business for self-employment, or attend higher education or training. Grantees also ensure that participants have access to financial literacy education and coaching such as training on money management and consumer issues. Grant recipients must finance the projects with a combination of the Federal AFI grant and non-Federal cash. The non-Federal cash amount must be at least equal to the Federal AFI grant amount. Applications will be screened and evaluated according to requirements and criteria stated in this announcement. Unsuccessful applicants may submit new applications in any succeeding application cycle. This is a standing announcement, which will be effective until cancelled or changed by the Director of the Office of Community Services (OCS). There are multiple funding cycles in each of Federal Fiscal Years 2011, 2012, 2013, with application due dates for each cycle.
