The Family Assets for Independence in Minnesota (FAIM) program is a matched savings project to help Minnesota low-wage earners build assets through;

  • purchase of a home

  • pursuit of a higher education

  • or launching of a small business.

This is accomplished by FAIM participants placing up to $40 monthly savings from their earned income into Family Asset Accounts (savings accounts) which will be matched 3-1 upon completion of asset contracts.  FAIM Brochure: FAIM – Updated 8-8-18

Funded in part by: Office of Community Services; US Department of Health & Human Services, Office of Economic Opportunity; Minnesota Department of Human Services, McKnight Foundation, and the Greater Twin Cities United Way.

Mission Statement
Family Assets for Independence in Minnesota (FAIM) which are Individual Development Accounts (IDAs) enable people to escape poverty and achieve wealth through asset acquisition

FAIM is Coordinated at the statewide level by:

West Central Minnesota Communities Action, Inc.

411 Industrial Park Boulevard

Elbow Lake, MN 56531

(218) 685-4486  or
800-492-4805

Kelli Winter

kelliw@wcmca.org

MN Statewide FAIM Director