Thursday, September 10, 2015  
Search By Keyword
Breaking News Alerts
Email Alerts
Email Address
Text Alerts
Mobile Number
 )  - 
Mobile Provider
standard messaging rates apply
Race Relations
Do you think that race relations in the United States will improve in 2015?
 
Charleston organization Assets for Independence receives grant to help residents gain financial security
Published:
4/17/2015 4:53:40 PM


 

HHS’ Administration for Children and Families (ACF) has announced it will award $75,000 to South Carolina Association for Community Economic Development to help individuals in Charleston move toward financial security through its Assets for Independence (AFI) grants. 

“These grants will help open the door to opportunity for hard-working people in South Carolina who are trying to achieve financial independence,” said Jeannie Chaffin, director of the Office of Community Services (OCS). “The AFI program brings together all of the elements of financial capability—the capacity, based on knowledge, skills and access, to manage finances effectively.”

Program participants receive access to special matched savings accounts called Individual Development Accounts (IDAs). Participants deposit earnings into an IDA, and each dollar they deposit gains a match of $1 to $8 from the AFI project funds. The savings and match money must go toward a purchase that moves them closer to financial security: a first home, a new business, or post-secondary education or training.

These community organizations also provide assistance with developing the skills to become financially self-sufficient through financial education and other services.

April has been proclaimed National Financial Capability Month. For more information on National Financial Capability Month, see the Presidential Proclamation on the White House website.

AFI programs currently serve 48 states and the District of Columbia. Visit the AFI website to get more information on the AFI program or to see the list of new grantees.

 

Visitor Comments

 
Account Login  
Username
Password

  need help?  
 
Current Conditions
72°F
Thunderstorm In Vicinity, Rain
Charleston, SC
Radar & More >>
Advertisers
click ad below for details
Show All Ads