Deadline: 18-Jun-21
The Office of Refugee Resettlement (ORR) within the Administration for Children and Families (ACF) has announce funding for the Refugee Individual Development Accounts (IDAs) Program, which establishes and manages IDAs for low-income refugee participants.
The Refugee IDA Program represents an anti-poverty strategy built on asset accumulation for low-income refugee individuals and families with the goal of promoting refugee economic independence.
Objectives
The objectives of the Refugee IDA Program are to help clients:
- Establish IDAs;
- Maintain regular saving habits;
- Participate in the financial institutions of this country;
- Acquire assets to build individual, family, and community resources;
- Increase their knowledge of financial and monetary topics, including developing a household budget;
- Advance their education;
- Buy homes;
- Gain access to capital; and
- Increase the socio-economic development of their communities
Funding Information
- Estimated Total Funding: $1,900,000
- Expected Number of Awards: 7
- Award Ceiling: $250,000 Per Budget Period
- Award Floor: $100,000 Per Budget Period
- Average Projected Award Amount: $250,000 Per Budget Period
- Anticipated Project Start Date: 09/30/2021
- Length of Project Period: 48-month project period with four 12 month budget periods
Eligibility Criteria
- To be eligible to participate in the Refugee IDA Program, individuals must have the following statuses or statutory provisions cited below:
- Individuals paroled as refugees or asylees under 212(d)(5) of the Immigration and Nationality Act (INA).
- Refugees admitted under 207 of the INA.
- Asylees whose status was granted under 208 of the INA.
- Cuban and Haitian entrants, in accordance with the requirements in 45 CFR 401.2
- Any individual granted parole status as a Cuban/Haitian Entrant (Status Pending) or granted any other special status subsequently established under the immigration laws for nationals of Cuba or Haiti, regardless of the status of the individual at the time assistance or services are provided;
- A national of Cuba or Haiti who was paroled into the United States and has not acquired any other status under the INA and with respect to whom a final, non-appeal-able, and legally enforceable order of removal, deportation, or exclusion has not been entered;
- A national of Cuba or Haiti who is the subject of removal, deportation, or exclusion proceedings under the INA and with respect to whom a final, non-appeal-able, and legally enforceable order of removal, deportation, or exclusion has not been entered;
- A national of Cuba or Haiti who has an application for asylum pending with the Department of Homeland Security/United States Citizenship and Immigration Services or Department of Justice/Executive Office for Immigration Review and with respect to whom a final, non-appeal-able, and legally enforceable order of removal, deportation or exclusion has not been entered.
- Lawful permanent residents provided the individuals previously held one of the statuses identified above.
- Certain Amerasians from Vietnam who are admitted to the United States as immigrants pursuant to 584 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1988 (as contained in 101(e) of Pub. L. 100-202), as amended (8 U.S.C. 1101 note).
- Iraqi and Afghan Special Immigrants per section 1244(g) of Div. A of Pub. L. 110-181, as amended (8 U.S.C. 1157 note) and section 602(b) (8) of Div. F of Pub. L. 111-8, as amended (8 U.S.C. 1101 note).
- Victims of a severe form of trafficking in persons per the Victims of Trafficking and Violence Protection Act of 2000, Pub. L. 106-386, as amended, 22 U.S.C. 7105(b) (1) (A) and (C).
Among eligible clients, enrollment in the Refugee IDA Program is limited to eligible individuals:
- Who are not yet citizens and who have been in the U.S. for not more than 5 years at the time of enrollment;
- Who have a verifiable and stable earned income;
- Whose gross household earned income at the time of enrollment does not exceed 200
- percent of the federal poverty level, if enrolling for the purpose of purchasing Education and Vocational Training goals, Microenterprise Capitalization goals, and/or Vehicle goals;
- Whose gross household earned income at the time of enrollment does not exceed 200
- percent of the HHS federal poverty level or 80 percent of the Housing and Urban
- Development’s Area Family Median Income (HAMFI), only if enrolling for the purpose of a Home Purchase;
- Whose assets at the time of enrollment do not exceed $10,000, excluding the value of a primary residence and one vehicle; and
- Who have not already received IDA match funds from an ORR-funded IDA program or other mainstream IDA programs for the same asset goal.
For more information, visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=328997