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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.

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.

FAIM Return on Investment Reports

FAIM Return on Investment Summary

Prequalification_Worksheet

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