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Assets For Independence Act
Assets for Independence Act (AFIA), (passed as title IV of ''Coats Human Services Reauthorization Act of 1998'' ), is an American law which provides $125 million over five years to fund Individual Development Accounts (IDA). Individual Development Accounts are matched savings accounts that help low-income people save for a particular goal, such as buying a home, paying for post-secondary education, or starting or expanding a small business. History After seeing the success of IDAs, Congress passed the Assets for Independence Act (AFIA), providing $125 million over five years to fund IDAs. The Assets for Independence Act was passed as part of the Community Opportunities, Accountability, and Training and Educational Services Act of 1998. The AFI Program is administered by the Office of Community Services, within the U.S. Department of Health and Human Services, Administration for Children and Families The Administration for Children and Families (ACF) is a division of the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Opportunities, Accountability, And Training And Educational Services Act
A community is a social unit (a group of living things) with commonality such as place, norms, religion, values, customs, or identity. Communities may share a sense of place situated in a given geographical area (e.g. a country, village, town, or neighbourhood) or in virtual space through communication platforms. Durable good relations that extend beyond immediate genealogical ties also define a sense of community, important to their identity, practice, and roles in social institutions such as family, home, work, government, society, or humanity at large. Although communities are usually small relative to personal social ties, "community" may also refer to large group affiliations such as national communities, international communities, and virtual communities. The English-language word "community" derives from the Old French ''comuneté'' ( Modern French: ''communauté''), which comes from the Latin '' communitas'' "community", "public spirit" (from Latin ''communi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assets For Independence
Assets for Independence (AFI) is a federal program that distributes discretionary grants to help the impoverished achieve one of three goals: (1) homeownership; (2) business ownership; and (3) post-secondary education. AFI was created by the Assets for Independence Act. In order to strengthen communities and individuals, AFI uses several tools including financial education and grants supporting Individual Development Accounts (IDAs), also known as matched savings accounts. Purpose and history First introduced in 1991, the Assets for Independence Act (AFIA) worked its way through several sessions of Congress, finally passing in 1998. The 105th Congress appropriated $105 million to fund IDAs over the course of 5 years. AFI is the "largest federal funder of IDA programs" awarding grants to more than 400 non-profits and government programs. More than 84,000 families received some sort of assistance from AFI through the IDA and financial education programs. Over 40% of these familie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Community Services
The Office of Community Services (OCS) is a division of the US Executive Branch under the Administration for Children and Families within the Department of Health and Human Services. It is the direct successor of the Office of Economic Opportunity, an independent agency created in 1964. OCS administers six programs which provide funding for community development and poverty alleviation for private and public agencies: * The Assets for Independence program, which provides matching contributions to Individual Development Accounts for those eligible for the Temporary Assistance for Needy Families program. The program was funded at $18.9 for the 2016 fiscal year. Participants in the program's first year saw a median increase in saving of $657, a drop in experiences of economic hardship by 34%, and a 39% drop in the use of payday loans. * The Community Economic Development Program, which provides funding for non-profits with the principle goal of supporting low-income housing or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration For Children And Families
The Administration for Children and Families (ACF) is a division of the United States Department of Health and Human Services (HHS). It is headed by the Assistant Secretary of Health and Human Services for Children and Families. It has a $49 billion budget for 60 programs that target children, youth and families. These programs include assistance with welfare, child support enforcement, adoption assistance, foster care, child care, and child abuse. The agency employs approximately 1,700 staff, including 1,200 federal employees and 500 contractors, where 60% are based in Washington, DC, with the remaining in regional offices located in Boston, New York City, Philadelphia, Atlanta, Chicago, Dallas, Kansas City, Denver, San Francisco, Missouri and Seattle. Mission statement "The Administration for Children and Families (ACF), within the United States Department of Health and Human Services (HHS), provides national leadership and creates opportunities for families to lead economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Finance
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. When planning personal finances, the individual would consider the suitability to his or her needs of a range of banking products ( checking, savings accounts, credit cards and consumer loans) or investment in private equity, ( companies' shares, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of and- or employer-sponsored retirement plans, social security benefits, and income tax management. History Before a specialty in personal finance was developed, various disciplines which are closely related to it, such as family economics, and consumer economics were taught in various colleges as part of home economics for over 100 years. The earliest known research in personal finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
