The city of High Point is a nonprofit that has provided one AFI grants since 2008, with the objective to provide pre- and postpurchase homeownership education and counseling, as well as live, interactive financial education that integrates a distinct component for the Latino community.
The city emphasizes homeownership, with the goal of making a significant positive impact on the financial health of low-income families by teaching about financial literacy, savings, investments, and homeownership to enhance wealth creation for low-wealth communities. This grantee has been successful in opening IDAs planned for homeownership.
The city of High Point partners with the High Point Housing Authority, North Carolina Cooperative Extension, Community Foundation of Greater Greensboro, Greensboro Housing Coalition, First Horizon Home Loans, Guilford County Schools, and New Century IDA to provide expertise in credit repair, predatory lending counseling, pre- and post-homeownership counseling, foreclosure prevention, and EITC training with the local VITA agency.
Assets for Independence Grant History
5 IDAs have been opened.
15 participants have received financial education.
$1,000 saved by participants.
2 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $47,000
The city targets eligible individuals and families in High Point, especially grandparents as caregivers, victims of domestic violence, immigrants, homeless, ex-prisoners, Head Start parents, and noncustodial fathers of Head Start children.