Federal Grant 0953 Enrollees
Enrollment in Grant 0953 is now closed. Deposits to FAIM savings required by 2-28-2022 and clients are to contact their FAIM coach by March 19, 2022 to request final payout. Coaches must submit payout request paperwork to FAIM Admin no later than 4-1-2022 for processing before the grant is closed. If a client is not proactive in successfully completing trainings and asset requirements, coaches will exit them without a payout (savings will be returned by the bank and the match funds will be forfeited back to the feds).
Grant 0953 enrollees may request final payout upon reaching the minimum enrollment requirement of 6 months + 1 day from date of first deposit IF – he/she has: met their savings goal, successfully completed 12 hours of financial literacy training and 10 additional hours of asset-specific training along with the requirements of their chosen asset.
State Grant enrollment is near capacity as of 9/22/2021
- There are only about 60 slots available statewide in this 30-month grant.
- Openings will be filled in the order that applications are received, however, an incomplete application packet will NOT hold a spot in the program. FAIM coach will be notified if an application packet is incomplete and it will go to the bottom of the pile. Follow up is to be submitted within two weeks of the request. If slots in the program fill before the follow up is provided to FAIM Admin, the coach will be notified to exit their client.
- Previous matched payouts completed for anyone in the household affect the applicant’s potential for match funds.