City of San Antonio has provided five AFI grants since 2000, with the objective of promoting asset building and increasing economic self-sufficiency among low-income families in the city.
City of San Antonio emphasizes homeownership, postsecondary education, and business capitalization, with the goal of promoting asset building and increasing self-sufficiency among low- and moderate-income families in San Antonio by providing financial literacy and enabling people to purchase their first homes, attend post-secondary education, or start or expand small businesses. This grantee has been successful in collaborating with partner agencies to expand services for participants and increase capacity.
Partners
Partners for the city of San Antonio include Alamo Community College District Foundation, Annie E. Casey Foundation, Frost Bank, Security Services Federal Credit Union, Wells Fargo Bank, United Way, and YWCA, providing program support, asset-specific training, access to low-interest housing loans, small business development, a strong recruitment base, credit repair services, and long-term capacity building for programs.
Assets for Independence Grant History
Project Title
Family Economic Success Program, IDA
Highlights/Outcomes
618 IDAs have been opened.
893 participants have received financial education.
$726,549 saved by participants.
292 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$2,050,000
Total Non-Federal Support: $2,050,000
Focus Population
City of San Antonio targets eligible populations including people receiving TANF or EITC, participants in Department of Community Initiatives programs, and families in high poverty and unemployment neighborhoods living in the city.
Contact
City of San Antonio
115 Plaza De Armas, #210 San Antonio, TX 78205
(210) 207-5910 www.sanantonio.gov
