Jones by liuqingyan

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									Over 60 Programs
   Pre-natal and infant      Home
    health                     Weatherization
   Child Development         Home Construction
   Family Support            Home Buyer
   HIV/AIDS home              Counseling
    support                   Individual
   Guardian Services          Development
                               Accounts (IDA)
Michigan IDA Partnership
(MIDAP)
   Collaboration State of Michigan and
    Council of Michigan Foundations
   TANF
   MI Foundation Support
   Five Regional Coordinators
   51 Program Sites
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
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)
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)
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.
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.
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.
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
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.
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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