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Native Asset Building Initiative

This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.

 
Catalog of Federal Domestic Assistance Number: 93.602
Sponsor
Administration for Native Americans
Deadlines
Mar 25, 2015
Contact

Program Office Contact:
Christina Clark
202.401.5399
Christina.Clark@ACF.hhs.gov

Office of Grants Management Contact:
Tim Chappelle
202.401.4855
tim.chappelle@acf.hhs.gov

Purpose

Native Asset Building Initiative grants will provide funding to establish and operate programs that provide an array of supports and services to enable low income individuals and families to become economically self-sufficient.

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.

Eligibility

Eligible entities include organizations that either have 501(c)(3) status or are joint applicants with a 501(c)(3) Native nonprofit organizations:

  • Native 501(c)(3) nonprofits serving Native Americans
  • Federally recognized tribal government entities and Alaska Native Villages (as defined in the Alaska Native Claims Settlement Act)
  • State and local government agencies, and state colleges and universities located in Hawaii, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, which serve Native Hawaiians and Native American Pacific Islanders

OR

Entities that are not required to have 501(c)(3) status or apply jointly with an organization that has such a status, include:

  • Native nonprofit Credit Unions designated as low-income credit unions
  • Native nonprofit CDFIs
Geographic coverage
Nationwide
Amount of funding

Grantees awarded under this joint funding opportunity will implement one project funded by two ACF program offices, OCS and ANA. As each program office will fund a portion of the project, grantees will receive one award from OCS and one award from ANA to fund the project. OCS and ANA will collaborate on funding decisions, so all funded grantees will receive an award from each program office. No grantee will receive only OCS funding or only ANA funding.

Grantees must provide at least 50 percent of the total approved cost of the AFI budget. Grantees must provide at least 20 percent of the total approved cost of the SEDS budget.

Award ceiling: $125,000,000
Award floor: $50,000
Number of awards: Approximately 8 Project period: 5 years
Total funding available: $1,400,000

Application process

Links to the full announcement and online application process are available through grants.gov.

Tagged as
American Indians, Alaska Natives, and Native Hawaiians ยท Self-sufficiency



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