OpportunityTitle: Projects to Establish Individual Development Account (IDA) Programs for Refugees
AdditionalInformationOnEligibility: Public or private non-profit agencies are eligible for awards under this announcement. Applicants must also provide documentation of participation of a financial institution(s) in the project.  This documentation must be in writing, on letterhead of the financial institution, and signed by a person authorized to make the commitment on behalf of the financial institution. The documentation must include a commitment by the financial institution to establish IDAs for the refugee participants, to establish a parallel account (or accounts) for the matching funds, and to provide the grantee with account activity data on the IDAs and the parallel account(s) in a timely manner. The &amp;ldquo;match&amp;rdquo; mentioned in this announcement does not refer to the applicant finding additional funds to match funds being provided by the Federal government; it is the portion of federal funds to be allocated for matching clients&apos; IDA savings. 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.
Description: 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). Successful grantees will be expected to coordinate their policies and procedures for developing and administering refugee IDA projects with ORR and with the existing refugee IDA network.
GrantorContactEmailDescription: ACF Applications Help Desk
GrantorContactText: ACF Applications Help Desk&lt;br/&gt;app_support@acf.hhs.gov&lt;br/&gt;
CloseDateExplanation: Electronically submitted applications must be submitted no later than 11:59 p.m., ET, on the listed application due date.