Deadline: 5/15/2018
Amount: $100,000-$250,000
Description:
The purpose of this program is to assist successful applicants in establishing and managing individual development accounts (IDAs) for low-income refugee individuals and families. Project participants will open and contribute systematically to IDAs for specified asset goals, including home ownership, business capitalization, vehicles for educational or work purposes, professional certification, and education (limited to postsecondary education, college entrance exam fees, and preparation and test fees for the Test of English as a Foreign Language (TOEFL) and General Education Development (GED) exams). Ultimately, the overarching goal of the program is to promote the economic independence of refugees.