# Presentation: 701038

## Welcome!

- Non-Federal Cash Contributions
- for AFI IDAs

## AFI Non-Federal Cash Contributions to AFI

- Second in a series of four webinars
- Overview and Application Process
- Project Design and Implementation Part 1
- Project Design and Implementation Part 2
- All topics are repeated and downloadable
- Schedule, registration and download links at: _[http://www.acf.hhs.gov/programs/ocs/afi/afi_calendar.html](http://www.acf.hhs.gov/programs/ocs/afi/afi_calendar.html)_

## AFI Non-Federal Cash Contributions to AFI 

- If you have technical difficulties with hearing or viewing this presentation, please **press “*0”** or contact Stephanie Dodge:
- 703.279.6256
- SDodge@icfi.com
- If you have not received material, contact the
- AFI Resource Center:
- _[afiprogram@acf.hhs.gov](mailto:afiprogram@acf.hhs.gov)__;_
- 202.401.4626
- This call will be recorded and posted at:
- _[http://www.acf.hhs.gov/programs/ocs/afi/outreach_presentations/cost_sharing_presentation.html](http://www.acf.hhs.gov/programs/ocs/afi/outreach_presentations/cost_sharing_presentation.html)_

## AFI Non-Federal Cash Contributions to AFI

- Materials for this call are in downloadable form at:
- _[http://www.acf.hhs.gov/programs/ocs/afi/outreach_presentations/cost_sharing_presentation.html](http://www.acf.hhs.gov/programs/ocs/afi/outreach_presentations/cost_sharing_presentation.html)_
- This presentation
- Project Builder
- Contact the AFI Resource Center for materials
- or with follow up questions:
- _[afiprogram@acf.hhs.gov](mailto:afiprogram@acf.hhs.gov)__: 202.401.4626_

## Agenda

- AFI Non-Federal Cash Contribution Requirements
- Possible Sources for the Non-Federal Cash Contribution
- Strategies for Developing Non-Federal Funds
- Questions and Answers

## Non-Federal Cash Contributions

- Dollar for Dollar match of the Federal Grant Amount (in cash)
- Used for same activities and purposes as Federal funds
- Must be documented in application

## Slide 7

## Project Reserve Fund Uses

**At least 85% to match IDA savings**
**Up to 13% for financial education and other activities**
**At least 2% for data collection**

## Elements of Non-Federal Share Agreement  

- Commitment letter clearly states:
- Total amount awarded to AFI Project and distribution method
- Funds used exclusively to support AFI Project
- Signature by Official of Funding Source
- Commitment may be contingent on AFI grant

## Common Sources of Non-Federal Funding

- Financial Institutions
- State and Local Governments
- Tribal Governments
- Federal Home Loan Banks
- Foundations
- Community Development Block Grants (only allowable Federal source)

- Corporations/Employers
- Individuals
- Places of worship
- United Way Organizations

## Less Common Non-Federal Cash Contributions

- State Tax Credits
- Business Associations
- Employer Supported
- Sponsorships
- Realtor Donations

- National Faith-Based Organizations
- Fundraising Events
- On-line Donations

## Example:  Faith–based organization 

- AFI Grant:	$1million
- Non-Federal Support: 	$3,222,947
- Main Non-Federal Source:	National Faith-Based Financial Institution
- Project Period: 	September 2005-2010
- Number of accounts: 	425 (added to existing program)
- Participant match rate: 	$2 to $1, up to $2,000
- Service area: 	Citywide
- Applicant: 	Faith-Based community development corporation

## Utah IDA Network

- AFI Grants (2): 	$100,000 and $350,000
- Non-Federal Support: 	$100,000 and $350,000
- Non-Federal Sources:	Financial institutions, Private corporations, foundations, State of Utah, Board of Realtors
- Project Period: 	2004-2009 and 2006-1011
- Number of Accounts:	158
- Participant Match Rate: 	$3:$1 up to $1500
- Service Area: 	State of Utah
- Applicant: 	AAA Fair Credit Foundation

## Racine Weed & Seed

- AFI Grants: 	$120,000
- Non-Federal Support: 	$240,000
- Non-Federal Source:	City of Racine Housing Board
- Project Period: 	October 2006 - 2011
- Number of Accounts:	60
- Participant Match Rate: 	$5 to $1 up to $1,000
- Service Area: 	Racine Weed & Seed neighborhoods
- Applicant: 	City of Racine

## Community Loan Fund

- AFI Grant: 	$590,000
- Non-Federal Support: 	$2,217,600
- Non-Federal Sources:	Banks, State Govt, Foundations
- Project Period: 	September 2001-2006
- Number of Accounts:	339
- Participant Match Rate: 	$3 to $1 up to $2,000
- Service Area: 	Statewide
- Applicant: 	Community Development Financial Institution. Collaborative structure.

## Fundraising means...

- ...never having to say you’re *finished*!

## Tips for Non-Federal Fundraising

- Define your program
- Know the facts

## Know who you are?

- What is your mission?
- What are your goals?
- How will you get there?
- Can you explain this in a 30-60 second elevator speech?

## Know the facts

- Low income people can and will save
- Over 44,000 people have saved $36.8 million
- There are currently 368 programs across the country
- It is estimated that IDAs have a 5:1 return on investment
- IDAs are measurable and outcome based

## Plant seeds

- Believe in your project – talk to everyone on and off the job!
- Take along pictures of successful savers. Tell their story.
- Funders fund your clients, not you!
- Use AFI’s website for data that supports your proposal.

## Using Community Relationships

- Relationships matter – use your Networks
- Engage a known funder and ask them to introduce you to others.
- Ask for their help
- Give a potential funder the ammunition to present your case to their decision makers.
- Let them present your case.
- Thank people often and publicly!

## Develop partnerships and know the priorities of your partners

- Who else benefits from your success?
- Think about your assets!

- Mortgage lenders
- Housing authorities
- Department of Justice, HUD
- Neighborhood revitalization
- Communities with high rental and turnover
- Employers

- Housing Partners

## Housing Outcome Examples

- Mortgage loans
- $4 million in mortgage loans based on a $80k loan
- The Utah IDA Network generated $1.5 Million in new mortgages in 2007
- Income to realtors, appraisers, home furnishings, home repair

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## Small Business Partners

- Small Business Administration
- Offices of Economic Development
- Departments of Labor
- Workforce Development
- Business Incubators
- Microlenders
- Other lenders

## Result Examples

- In fiscal year 2007, Utah SBA district guaranteed loans  of over $408 million a 39% increase from previous year.
- Average loan size of $11,400 yields $570,000 in small business loans
- Example: In Utah self-employment accounts for 16.5% of workforce
- Tribal owned 8(a) firm generates revenues and benefits of its entire tribal community.

## Education Partners

- Colleges and Universities
- Technical schools
- Scholarship funds
- Local and National foundations
- Non-profit partners
- Employers

## Benefits from Education

- Higher education is available to low income people
- Higher salaries for savers
- School related purchases
- Educated workforce attracts new business to the community

## Benefits of IDAs in YourCommunity (Local Govt.) 

- Property taxes
- Higher earnings bring greater tax base
- Neighborhoods revitalized
- Crime reduced

## Questions & Answers

- Instructions to ask questions.
- If you have a question, please **press *1** on your phone or simply type in your question.
- Please state your name and organization.

## 12 New Ways to Fund Your AFI Project 

- Creative strategies from the field
- AFI funding requirement
- Sources of AFI funds
- Background on AFI funding sources
- All federal funds do not qualify as Non-Federal cash contribution – but are good anyway

## Application Submission Information

- Due date: **March 25th, 2008**
- _Received_ by 4:30 p.m. Eastern time -
- see appendix M in Project Builder
- Address:
- Office of Community Services Operations Center
- Assets for Independence Program
- 1515 Wilson Blvd, Suite 100
- Arlington, VA 22209
- Telephone: 1.800.281.9519

## Application Submission Information

- May submit using _[www.grants.gov](http://www.grants.gov/)_
- Must be _submitted_ by 4:30 p.m. on **March 25th, 2008**
- Prepare _[www.grants.gov](http://www.grants.gov/)__ submission well before due date_
- Registration
- DUNS number
- Authorized signature

## AFI Orientation Call Series

| Overview and Grant Application Process | Tuesday. Jan, 29
Tuesday, Feb. 19
Tuesday, Mar. 4 |
| --- | --- |
| Cost Sharing: Raising Non-Federal Resources | Thursday, Jan. 31
Thursday, Feb. 21
Thursday, Mar. 6 |
| AFI Project Design & Implementation, Part 1 | Tuesday, Feb. 5
Tuesday, Feb. 26 |
| AFI Project Design & Implementation, Part 2 | Thursday, Feb. 7
Thursday, Feb. 28 |

**All calls at 2 p.m. Eastern**
**Registration and document download:**
- _[http://www.acf.hhs.gov/programs/ocs/afi/afi_calendar.html](http://www.acf.hhs.gov/programs/ocs/afi/afi_calendar.html)_

## AFI Resource Center

- _[www.acf.hhs.gov/assetbuilding](http://www.acf.hhs.gov/assetbuilding)_
- Project Builder
- Application forms
- Program announcement
- Technical information on AFI IDA implementation
- _[afiprogram@acf.hhs.gov](mailto:afiprogram@acf.hhs.gov)_
- 202-401-4626

## Other IDA Resources

- Center for Social Development
- _[http://gwbweb.wustl.edu/csd](http://gwbweb.wustl.edu/csd)_
- IDA Network -_[http://www.idanetwork.org](http://www.idanetwork.org/)_
- New America Foundation - _[www.assetbuilding.org](http://www.assetbuilding.org/)_
-  Others can be found in the Project Builder in appendix A

##             Contact Information

**AFI Resource Center**
**afiprogram@acf.hhs.gov**
**(202) 401-4626**
**www.acf.hhs.gov/assetbuilding**