Family Assets for Independence in Minnesota - FAIM - Tri-County Action Program - Waite Park
1210 23rd Avenue South, Waite Park, MN 56387
Eligibility
Participants must be at least 18 years of age, have earned income, be a resident of Minnesota at the time of participation in FAIM, have assets of $10,000 or less, and their household income must be at or below 200% of poverty
Required documents
State ID
Hours
8 am - 4:30 pm Monday - Friday
Application process
Call
Fees
Vary
Service area
Benton County, MN
Sherburne County, MN
Stearns County, MN
Wright County, MN
Assisting low-income working adults to save money for either post-secondary education, home purchase, vehicle purchase, or starting/expanding a small business.- All money saved is matched at a 3:1 ratio- Participants place $84.00 per month into a FAIM savings account for two years- Participants save up to $2,000 over the two years and receive $8,000- Participants learn to change spending and savings behavior, including consumer debt reduction- Participants are required to complete a minimum of 12 hours of financial management classes and an additional 10 hours of asset-specific classes
Last Assured
12/30/2025
What's Here
Providing organization
Tri-County Action Program - Waite Park
The mission of Tri-CAP is to enhance and expand opportunities for the economic and well-being of the residents and community.