Assets for Independence Act

Assets for Independence Act (AFIA), (passed as title IV of Coats Human Services Reauthorization Act of 1998 Pub. L. 105–285 (text) (PDF)), is an American law which provides $125 million over five years to fund Individual Development Accounts (IDA). Individual Development Accounts are matched savings accounts that help low-income people save for a particular goal, such as buying a home, paying for post-secondary education, or starting or expanding a small business. In 2017 no grants were awarded in this act.

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