The Family Assets for Independence in Minnesota (FAIM) Program is a matched savings project to help Minnesota low-wage earners build assets through;

This is accomplished by FAIM participants placing up to $40 monthly savings from their earned income into Family Asset Accounts (savings accounts), which will be matched 3:1.

Example:

Saving $40/month for 2 years = $   960
Match of 3:1                       =   2,880
Total Asset Funds Available = $3,840

$3840. toward your home, business or educational goal.

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FAMILY ASSETS FOR INDEPENDENCE IN MINNESOTA (FAIM)

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  • Purchase of a home
  • Pursuit of a higher education
  • Launching or expanding a small business

Lakes & Prairies Family & Community Services staff are available to assist you in the matched saving program. Space is limited and is subject to eligibility based, in part, on income. For more information about Income eligibility and home, higher education and small business opportunities, click here. To contact a Family & Community Service staff person call (218)512-1550 or toll free, 1 (800)452-3646.

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Transitional Housing is a program of Lakes & Prairies Community Action Partnership, Inc.,
a 501c3 nonprofit corporation

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Lakes & Prairies Family & Community Services
715 11th Street, North - Suite 402, Moorhead, MN  56560
(218)512-1550, (800)452-3646 ext 1550, Fax (844)215-7287