Neighborhood Assets is a nonprofit Community Development Financial Institution that has provided three AFI grants since 2007, with the objective of providing a permanent path out of poverty for low-income people.
Neighborhood Assets emphasizes homeownership, postsecondary education, and business, with the goal of providing a permanent path out of poverty for low-income people through financial education, regular savings habits, and investment in appreciable assets. Neighborhood Assets has been successful in opening IDAs and developing a pilot program that uses the Internet to introduce participant profiles to potential donors.
Partners
Neighborhood Assets partners with its parent organization, SNAP, to provide case management, microenterprise development, and home-buying assistance; Numerica Credit Union, to provide business loans; and World Relief, to provide translation and cultural interpretation. Neighborhood Assets also partners with local educational institutions to provide referrals and postsecondary education counseling, and with Habitat for Humanity and Community Frameworks Self-Help Housing to provide financing for home purchases.
Assets for Independence Grant History
Project Title
Neighborhood Assets Individual Development Account Program
Highlights/Outcomes
153 IDAs have been opened.
112 participants have received financial education.
$233,712 saved by participants.
114 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$332,606
Total Non-Federal Support: $182,606
Focus Population
Neighborhood Assets targets eligible low-income families with children, former TANF recipients, minorities, refugees, and immigrants in Spokane County, WA.
Contact
Neighborhood Assets
212 S Wall Spokane, WA 99201
(509) 456-7174 snapassets.org
