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Federal and State Asset Policy Project

Prosperity Now

  • Program Education
  • Program Area Graduating High School College & Career Ready
  • Grant Amount $200,000
  • Grant Period January 1, 2011–December 31, 2012
  • Location Washington, DC, United States
  • Geographic Focus United States

About this grant

This grant enables the Corporation for Enterprise Development to develop and promote state and federal asset building policies for lower-income Americans. Given the tremendous bipartisan support for Individual Development Accounts, primary importance will be placed on translating that support into a federal policy capable of financing and delivering these accounts at scale over the long term. To realize this goal, the grantee will engage in a series of complementary activities, including policy development, policymaker education, coalition building, strategic communications, research, and technical assistance and training. An Individual Development Account is a matched savings account for lower-income Americans that can be used for high return investments such as buying a first home, attending college, or starting a small business. Located in Washington, DC, the Corporation for Enterprise Development, an economic development intermediary, is a key national leader in the asset building movement.