NonFederal Cash Contributions

1
Welcome!

• Non-Federal Cash Contributions
• for AFI IDAs

2
AFI Non-Federal Cash Contributions to AFI

• Second in a series of four webinars
• Overview and Application Process
• Project Design and Implementation Part 1
• Project Design and Implementation Part 2
• All topics are repeated and downloadable
• Schedule, registration and download links at
  http//www.acf.hhs.gov/programs/ocs/afi/afi_calend
  ar.html

3
AFI Non-Federal Cash Contributions to AFI

• If you have technical difficulties with hearing
  or viewing this presentation, please press 0
  or contact Stephanie Dodge
• 703.279.6256
• SDodge_at_icfi.com
• If you have not received material, contact the
• AFI Resource Center
• afiprogram_at_acf.hhs.gov
• 202.401.4626
• This call will be recorded and posted at
• http//www.acf.hhs.gov/programs/ocs/afi/outreach_p
  resentations/cost_sharing_presentation.html

4
AFI Non-Federal Cash Contributions to AFI

• Materials for this call are in downloadable form
  at
• http//www.acf.hhs.gov/programs/ocs/afi/outreach_p
  resentations/cost_sharing_presentation.html
• This presentation
• Project Builder
• Contact the AFI Resource Center for materials
• or with follow up questions
• afiprogram_at_acf.hhs.gov 202.401.4626

5
Agenda

• AFI Non-Federal Cash Contribution Requirements
• Possible Sources for the Non-Federal Cash
  Contribution
• Strategies for Developing Non-Federal Funds
• Questions and Answers

6
Non-Federal Cash Contributions

• Dollar for Dollar match of the Federal Grant
  Amount (in cash)
• Used for same activities and purposes as Federal
  funds
• Must be documented in application

7
(No Transcript)
8
Project Reserve Fund Uses

• At least 85 to match IDA savings
• Up to 13 for financial education and other
  activities
• At least 2 for data collection

9
Elements of Non-Federal Share Agreement

• Commitment letter clearly states
• Total amount awarded to AFI Project and
  distribution method
• Funds used exclusively to support AFI Project
• Signature by Official of Funding Source
• Commitment may be contingent on AFI grant

10
Common Sources of Non-Federal Funding

• Financial Institutions
• State and Local Governments
• Tribal Governments
• Federal Home Loan Banks
• Foundations
• Community Development Block Grants (only
  allowable Federal source)

• Corporations/Employers
• Individuals
• Places of worship
• United Way Organizations

11
Less Common Non-Federal Cash Contributions

• National Faith-Based Organizations
• Fundraising Events
• On-line Donations

• State Tax Credits
• Business Associations
• Employer Supported
• Sponsorships
• Realtor Donations

12
Example Faithbased organization

• AFI Grant 1million
• Non-Federal Support 3,222,947
• Main Non-Federal Source National Faith-Based
  Financial Institution
• Project Period September 2005-2010
• Number of accounts 425 (added to existing
  program)
• Participant match rate 2 to 1, up to 2,000
• Service area Citywide
• Applicant Faith-Based community development
  corporation

13
Utah IDA Network

• AFI Grants (2) 100,000 and 350,000
• Non-Federal Support 100,000 and 350,000
• Non-Federal Sources Financial institutions,
  Private corporations, foundations, State of Utah,
  Board of Realtors
• Project Period 2004-2009 and 2006-1011
• Number of Accounts 158
• Participant Match Rate 31 up to 1500
• Service Area State of Utah
• Applicant AAA Fair Credit Foundation

14
Racine Weed Seed

• AFI Grants 120,000
• Non-Federal Support 240,000
• Non-Federal Source City of Racine Housing Board
• Project Period October 2006 - 2011
• Number of Accounts 60
• Participant Match Rate 5 to 1 up to 1,000
• Service Area Racine Weed Seed neighborhoods
• Applicant City of Racine

15
Community Loan Fund

• AFI Grant 590,000
• Non-Federal Support 2,217,600
• Non-Federal Sources Banks, State Govt,
  Foundations
• Project Period September 2001-2006
• Number of Accounts 339
• Participant Match Rate 3 to 1 up to 2,000
• Service Area Statewide
• Applicant Community Development Financial
  Institution. Collaborative structure.

16
Fundraising means

• never having to say youre finished!

17
Tips for Non-Federal Fundraising

• Define your program
• Know the facts

18
Know who you are?

• What is your mission?
• What are your goals?
• How will you get there?
• Can you explain this in a 30-60 second elevator
  speech?

19
Know the facts

• Low income people can and will save
• Over 44,000 people have saved 36.8 million
• There are currently 368 programs across the
  country
• It is estimated that IDAs have a 51 return on
  investment
• IDAs are measurable and outcome based

20
Plant seeds

• Believe in your project talk to everyone on and
  off the job!
• Take along pictures of successful savers. Tell
  their story.
• Funders fund your clients, not you!
• Use AFIs website for data that supports your
  proposal.

21
Using Community Relationships

• Relationships matter use your Networks
• Engage a known funder and ask them to introduce
  you to others.
• Ask for their help
• Give a potential funder the ammunition to present
  your case to their decision makers.
• Let them present your case.
• Thank people often and publicly!

22
Develop partnerships and know the priorities of
your partners

• Who else benefits from your success?
• Think about your assets!

23

Housing Partners

• Mortgage lenders
• Housing authorities
• Department of Justice, HUD
• Neighborhood revitalization
• Communities with high rental and turnover
• Employers

24
Housing Outcome Examples

• Mortgage loans
• 4 million in mortgage loans based on a 80k loan
• The Utah IDA Network generated 1.5 Million in
  new mortgages in 2007
• Income to realtors, appraisers, home furnishings,
  home repair

25
Small Business Partners

• Small Business Administration
• Offices of Economic Development
• Departments of Labor
• Workforce Development
• Business Incubators
• Microlenders
• Other lenders

26
Result Examples

• In fiscal year 2007, Utah SBA district guaranteed
  loans of over 408 million a 39 increase from
  previous year.
• Average loan size of 11,400 yields 570,000 in
  small business loans
• Example In Utah self-employment accounts for
  16.5 of workforce
• Tribal owned 8(a) firm generates revenues and
  benefits of its entire tribal community.

27
Education Partners

• Colleges and Universities
• Technical schools
• Scholarship funds
• Local and National foundations
• Non-profit partners
• Employers

28
Benefits from Education

• Higher education is available to low income
  people
• Higher salaries for savers
• School related purchases
• Educated workforce attracts new business to the
  community

29
Benefits of IDAs in YourCommunity (Local Govt.)

• Property taxes
• Higher earnings bring greater tax base
• Neighborhoods revitalized
• Crime reduced

30
Questions Answers

• Instructions to ask questions.
• If you have a question, please press 1 on your
  phone or simply type in your question.
• Please state your name and organization.

31
12 New Ways to Fund Your AFI Project

• Creative strategies from the field
• AFI funding requirement
• Sources of AFI funds
• Background on AFI funding sources
• All federal funds do not qualify as Non-Federal
  cash contribution but are good anyway

32
Application Submission Information

• Due date March 25th, 2008
• Received by 430 p.m. Eastern time -
• see appendix M in Project Builder
• Address
• Office of Community Services Operations Center
• Assets for Independence Program
• 1515 Wilson Blvd, Suite 100
• Arlington, VA 22209
• Telephone [phone]

33
Application Submission Information

• May submit using www.grants.gov
• Must be submitted by 430 p.m. on March 25th,
  2008
• Prepare www.grants.gov submission well before due
  date
• Registration
• DUNS number
• Authorized signature

34
AFI Orientation Call Series
All calls at 2 p.m. Eastern Registration and
document download http//www.acf.hhs.gov/programs
/ocs/afi/afi_calendar.html
35
AFI Resource Center

• www.acf.hhs.gov/assetbuilding
• Project Builder
• Application forms
• Program announcement
• Technical information on AFI IDA implementation
• afiprogram_at_acf.hhs.gov
• 202-401-4626

36
Other IDA Resources

• Center for Social Development
• http//gwbweb.wustl.edu/csd
• IDA Network -http//www.idanetwork.org
• New America Foundation - www.assetbuilding.org
• Others can be found in the Project Builder in
  appendix A

37
Contact Information

• AFI Resource Center
• afiprogram_at_acf.hhs.gov
• [phone]
• www.acf.hhs.gov/assetbuilding