The Family Assets for Independence in Minnesota (FAIM) program assists low-income working adults with saving money for higher education, home purchase, or starting or expanding a small business.
Thanks to the contributions of the federal government, state government, and charitable foundations, money saved by participants is matched at a 3:1 ratio. By saving $40 every month, participants can save up to $960 over a two-year period and receive a $2,880 match to their $960 in savings for a total of $3,840. The $3,840 savings may be used towards one of the three options listed above.
Click here for more information or call Tri-CAP at 320-251-1612.
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