Institute for Social and Economic Development is a nonprofit agency that has provided three AFI grants since 1999, with the objective of assisting eligible youth and adults with children living in St. Louis and Wellston, MO, to build assets by obtaining college degrees, buying first homes, or starting businesses.
Institute for Social and Economic Development emphasizes homeownership, postsecondary education, and business capitalization, with the goal of assisting low-income youth and adults with children living in St. Louis and Wellston, MO, to accumulate assets. This grantee has been successful in recruiting participants from employment programs offered by Hi-Tech Charities.
Institute for Social and Economic Development partners with Bankers Trust, City of Des Moines Economic Development Citizens for Community Improvement, Allianza, African American Business Association, HOME, Inc., Habitat for Humanity, Iowa New Choices, Iowa State University Extension, Family Self-Sufficiency Program, Immigrant Rights Network, Iowa Department of Human Services, Iowa Workforce Development, Iowa Finance Authority, United Way of Central Iowa, Wells Fargo, Iowa Homeownership Education Project, city of Waterloo, Operation Threshold, St. Paul A.M.E. church, and Des Moines Area Community College to provide space for financial literacy classes, participant training, recruitment support, and case management services.
Assets for Independence Grant History
363 IDAs have been opened.
444 participants have received financial education.
$1,525,096 saved by participants.
201 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $1,426,825
Institute for Social and Economic Development targets eligible low-income people residing in Iowa, with priority given to people living in low-income tracts, Enterprise Zones, and former Weed & Seed areas in central and eastern Iowa.
Institute for Social and Economic Development
1111 9th St, Suite 380 Des Moines, IA 50314
(515) 283-0940 www.isedventures.org