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