Commerce is initiating this RFA to solicit proposals from those qualified and interested in grant funding to identify asset-building practices and services across the state. Asset-building activities under this grant are defined as supporting actions that improve the financial savvy, behaviors, and decisions of low and moderate income people while also increasing access to opportunities such as homeownership, education, and small business development.
The desired outcome of these funds will be to support expansion of local asset building work. Multi-county collaborations are encouraged. Broadly the goal is provide opportunities for low and moderate income Washingtonians to access programs that assist them in building assets. Funded activities will align with Prosperity Now’s Household Financial Security Framework. Such activities could include:
Due to the great value and return on investment of promoting the Earned Income Tax Credit, it is expected that every funded coalition be engaged in a local EITC outreach campaign and facilitate or support a Volunteer Income Tax Assistance (VITA) site or AARP Tax-Aide site in their service area. It is also expected that coalitions provide financial literacy services within their service area or ensure the services are available in their community.
Estimated Total Program Funding: