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Family Assets for Independence in Minnesota - FAIM - West Central Minnesota Communities Action

1910 Aga Drive, Suite 206, Alexandria, MN 56308

Eligibility

Low-wage individuals interested in creating a savings program for the purpose of purchasing a home, furthering education, or beginning or enhancing a small business who are residents of Douglas, Grant, Pope, Stevens, and Traverse counties

Required documents

Application proof of household income state ID Income guidelines and class schedules listed on website

Hours

  • 8 am - 4:30 pm Monday - Friday- Call or inquire on website, class schedule, or guidelines

Interpretation services

Interpreters available; Spanish

Application process

Call contact number for income guidelines or class schedules

Fees

  • Financial Literacy class: None - HomeStretch class is $45 per household and includes an instruction manual. The Framework Online class can be taken at $75

Service area

Douglas County, MN Grant County, MN Pope County, MN Stevens County, MN Traverse County, MN

Other Information

Languages

  • Spanish
A matched savings project that assists low-wage workers at or below 200% of poverty to build assets. Participants will save earned income each month. The maximum savings per month are $84 for two years. Once families reach their savings goals, matched funds will be added, and the money can be used for purchasing a home, post-secondary education, personal vehicle purchase, or for a small business. FAIM helps people change spending and savings behaviors, including consumer debt reduction. Participants complete financial management and asset-specific training requirements.

Last Assured

02/26/2026

Providing organization

West Central Minnesota Communities Action
Empowering people while providing services and resources that impact individuals and communities in the west central Minnesota area