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Over 60 Programs

Pre-natal and infant health Child Development Family Support HIV/AIDS home support Guardian Services . Home Weatherization Home Construction Home Buyer Counseling Individual Development Accounts (IDA). Over 60 Programs. Michigan IDA Partnership (MIDAP).

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Over 60 Programs

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  1. Pre-natal and infant health Child Development Family Support HIV/AIDS home support Guardian Services Home Weatherization Home Construction Home Buyer Counseling Individual Development Accounts (IDA) Over 60 Programs

  2. Michigan IDA Partnership (MIDAP) • Collaboration State of Michigan and Council of Michigan Foundations • TANF • MI Foundation Support • Five Regional Coordinators • 51 Program Sites

  3. Regional Coordinating Org. • 12 program sites; 600 accounts over three-four years. • Nine counties SE Michigan; @ 3 million population • CAA’s, Housing Orgs, Faith Based. Rural and Urban • TANF, CMF, United Ways, CDBG, Private grants

  4. AFIA Grant • Award September 2001 • $470,000 for 400 Accounts • 70% Homebuyer 3:1 (max $3,000) • 30% Post Secondary Ed or Business (max $2,000)

  5. AFIA Match and Support • 1/3 of match TANF • 1/3 AFIA • 1/3 Private Funds • MIDAP providing $1,500 per account ($500 per year, max of three years)

  6. TANF cuts • March 2002 state budget cuts. • State TANF allocation of $5 million cut to $3 million. • Total TANF funded IDA’s reduced from 400 to 195.

  7. Program Change • Fund 195 IDA’s with just TANF. • Submitted request for AFIA to support 205 IDA’s. • Total IDA’s in region still 400. • Match rate for AFIA 1:1. For Home buying $1,500 up from $1,000. For Education and Business $1,000 up from $666.

  8. Program Change - more • This model only uses @$320,000 AFIA. • Leaves $150,000 of $470,000. • Not enough program support with AFIA alone ($1,500 per account). • Using all AFIA grant – total 500 accounts. • Raise $855,000 to meet match and support need.

  9. AFIA program changes • Match funds in reserve account on quarterly or regular schedule, not full amount. • Eliminate parallel account requirement. • Cap or eliminate interest transfer to individual accounts

  10. AFIA program changes- more • Separate accounts for match and administration. (May be separate grants). • Permit account support grants in excess of 15% be counted as first match funds. Therefore, permitting other public funds to be used as contribution match.

  11. AFIA program changes - more Increase in program support dollars (not administration). Participant counseling and education. $600 / participant, per year. Two hours per month. 50% AMI. Homeownership almost impossible in some markets at 200% poverty. .

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