Capital Area Asset Building Corporation is a nonprofit that since 1999 has provided four AFI grants having the objective of providing low-income individuals with tools to improve their financial literacy and build wealth through asset accumulation.
Capital Area Asset Building Corporation emphasizes homeownership, postsecondary education, and business capitalization with the goal of increasing economic self-sufficiency and asset accumulation among residents of underserved areas of Washington, DC. Capital Area Asset Building Corporation has been successful in recruiting participants, drawing on their partners’ existing programs for referral of eligible individuals and families.
Capital Area Asset Building Corporation partners with Urban Alliance, May Angelou Public Charter Schools/See Forever Foundation, Manna, Inc., Latino Economic Development Corporation, and Latin American Youth Center to provide recruitment, financial education, asset-specific training, counseling, and supportive services.
Assets for Independence Grant History
Continuation and Expansion of Assets for Independence IDA Demonstration Project
714 IDAs have been opened.
465 participants have received financial education.
$450,348 saved by participants.
205 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $2,497,220
Capital Area Asset Building Corporation focuses on eligible low-income individuals, families, and youth in the District of Columbia.
Capital Area Asset Building Corporation
1444 I Street NW, Suite 201 Washington, DC 20005
(202) 419-1440 x 104 www.caab.org