U.S. Department of Health and Human Services: Refugee Individual Development Accounts (IDA) ProgramDeadline: May 4, 2015
The Office of Refugee Resettlement (ORR) within the Administration for Children and Families (ACF) invites eligible entities to submit competitive grant applications for projects to establish and manage Individual Development Accounts (IDAs) for low-income refugee participants. Eligible refugee participants who enroll in these projects will open and contribute systematically to IDAs for specified savings goals, including home ownership, business capitalization, vehicles for educational or work purposes, professional certification, and education (limited to postsecondary education, college entrance exam fees, Test of English as a Foreign Language (TOEFL) and GED preparation and test fees). Grantee organizations may use ORR funds to provide matches for the savings in the IDAs of up to $2,000 per individual refugee and $4,000 per refugee household.
Eligible low-income refugee individuals and families for this program are described as refugees:
- Who are not yet citizens and who have been in the U.S. for not more than 5 years at the time of enrollment for Home Purchase, Education and Vocational Training, and Microenterprise Capitalization goals, or not more than 3 years for Vehicle goals
- Who have earned income
- Whose household earned income at time of enrollment does not exceed 200 percent of the federal poverty level
- Whose assets at time of enrollment do not exceed $10,000, excluding the value of a primary residence and one vehicle
Amount: $2,800,000 is available for up to 13 grants ranging from $100,000-$250,000 per year for 3 years.
Eligibility: State governments; County governments; local governments; city or township governments; special district governments; independent school districts; public and State-controlled institutions of higher education; Native American tribal governments and organizations; public housing authorities/Indian housing authorities; non-profits; private institutions of higher education. Applicants must have an established partnership with a financial institution.