Refugee Individual Development Accounts Program
The Office of Refugee Resettlement (ORR) within the Administration for Children and Families (ACF) anticipates funding for the Refugee Individual Development Accounts (RIDA) Program, which establishes and manages Individual Development Accounts (IDA) for low-income refugee participants. Eligible refugee participants who enroll in these projects will open and contribute systematically to IDAs for specified asset goals, including homeownership, business capitalization, vehicles for educational or work purposes, professional certification, and education (limited to postsecondary and/or continuing education, college entrance exam fees, (Test of English as a Foreign Language (TOEFL) and General Education Diploma(GED) preparation and test fees). Recipient organizations may use ORR funds to provide matches for the savings in the IDAs of up to $3,000 per individual refugee and $6,000 per refugee household.The match mentioned in this announcement does not refer to the award recipient finding additional funds to match funds being provided by the federal government; it is the portion of federal funds to be allocated for matching clients' IDA savings.Recipients will be expected to coordinate their policies and procedures for developing and administering refugee IDA projects with ORR and with the existing refugee IDA network.
Award Range
$250,000 - $350,000
Total Program Funding
$2,000,000
Number of Awards
6
Matching Requirement
No
Eligible Applicants
Additional Requirements
Public or private non-profit agencies are eligible for awards under this announcement. Applications from individuals (including sole proprietorships) and foreign entities are not eligible and will be disqualified from the merit review and funding under this funding opportunity. Faith-based and community organizations that meet the eligibility requirements are eligible to receive awards under this funding opportunity. Faith-based organizations may apply for this award on the same basis as any other organization, as set forth at and, subject to the protections and requirements of 45 CFR Part 87 and 42 U.S.C. 2000bb et seq., ACF will not, in the selection of recipients, discriminate against an organization on the basis of the organization's religious character, affiliation, or exercise.
Geographic Eligibility
All
Application Opens
July 22, 2024
Application Closes
May 1, 2025
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