Bridge to Benefits
Asset Development Asset building  helps families move toward greater self-sufficiency by accumulating savings and purchasing long-term assets. The theory behind this approach is that helping people purchase an asset, as opposed to simply increasing their income, provides longer term stability.  Examples of long-term assets include a home, higher education and training, and starting a business.  Savings and Credit Building The FAIM Program (218) 685-4486 ext.133 or (800) 492-4805 The Family Assets for Independence in Minnesota (FAIM) program helps resident Minnesota wage earners build assets through purchase of a first home, pursuit of a higher education at an accredited public post secondary institution, or small business capitalization.  FAIM account holders place monthly savings into Bremer Bank or City County Federal Credit Union family asset accounts (savings accounts) that will be matched $3 to $1 upon completion of program requirements.  The FAIM program is administered by a list of agencies throughout minnesota.   For eligibility and more information about the program and its requirements please visit their website.    Help Minnesota Save (651) 645-7425 This website can help low-income families build positive financial futures. Learning to build and keep assets is a critical factor in helping people to rise from poverty. Contains information about money management, financial literacy, budgeting, etc. This site is sponsored by the Minnesota Community Action Association and is made possible through generous funding from the McKnight Foundation and the Office of Economic Opportunity at the Minnesota Department of Human Services.