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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