FAIM Return on Investment Project.
The intent of this project was a return on investment (ROI) analysis of the Family Assets for Independence in Minnesota (FAIM) program. FAIM is a matched-savings program that helps low-income working Minnesotans build assets through home ownership, higher education or microenterprise. Participants save up to $480 per year for two years, which is matched at a 3:1 rate ($480 savings matched by $1,440 for up to two years). All participants complete 18-hours of financial management and asset specific education. Education is required for receipt of match funds and is designed to help participants develop positive financial management skills for long-term economic prosperity.
CURA Research Areas: