Native Asset Building Initiative

Asset building is an approach to overcoming poverty that emphasizes the value of enabling individuals and families to learn about and use sound family budgeting and money management practices, to address financial issues, and to plan for long-term success.

Especially when combined with other services,

credit: The Guardian

the asset building approach helps families set goals and progress toward financial stability.

The Office of Community Services (OCS) and the Administration for Native Americans (ANA) have partnered to increase access to and awareness of asset building opportunities in Native American communities.

OCS and ANA are program offices within the Administration for Children and Families (ACF).

OCS and ANA will accept applications to establish and administer asset building projects with a focus on the Assets for Independence (AFI) projects.

Grantees will provide an array of supports and services to enable low income individuals and families to become economically self-sufficient for the long-term.

The AFI focus of each project requires that eligible participants are given access to matched savings accounts, called Individual Development Accounts (IDA), in which participants save earned income for the purchase of a home, for business capitalization, or to attend higher education or training.

Participants are also given access to other supportive services that enable them to become more financially secure.

The IDA portion of the project is funded by OCS.

ANA funds may be used to pay for costs associated with the administration of the AFI-funded IDA project and to provide other asset building strategies, such as financial literacy education and coaching on money management and consumer issues.

Applicants will submit one application identifying a single work plan with two budgets, reflecting OCS-AFI funding and ANA-SEDS funding separately.

Each successful application will receive two awards, reflecting OCS funding and ANA funding separately.
Related Programs

Assets for Independence Demonstration Program

Department of Health and Human Services

Native American Programs

Department of Health and Human Services

Who's Eligible

Relevant Nonprofit Program Categories

Obtain Full Opportunity Text:

Additional Information of Eligibility:
Eligible applicants include: Native 501(c)(3) non-profits serving Native Americans, Native non-profit organizations designated by the Secretary of the Treasury as Community Development Financial Institutions (CDFIs) that demonstrate a collaborative relationship with a local community-based organization whose activities are designed to address poverty and the needs of community members for economic independence and stability, and Federally recognized Tribal governments or Alaska Native Villages, as defined in the Alaska Native Claims Settlement Act, that are joint applicants with a 501(c)(3) Native non-profit organization.

A full listing of eligible entities under this announcement will be published in the funding opportunity announcement.

Faith-based and community organizations that meet eligibility requirements are eligible to receive awards under this funding opportunity announcement.

Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

Full Opportunity Web Address:

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One of the most significant challenges to social entrepreneurship and innovation is ensuring a diversity of approaches and participants in the movement. To truly deliver meaningful social change the leaders of the effort must share perspectives of the challenges faced by communities across the U.S. that can most appropriately come from members of those communities. Ashoka, through its All America initiative seeks to increase the diversity of social entrepreneurship practitioners.

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