Alternate content for script

Project Reinvest: Financial Capability

Funding Opportunity

Project Reinvest: Financial Capability is designed to provide funding for organizations to provide financial capability counseling/coaching that will help clients stabilize their finances, rebuild credit and establish savings.

Funds will be awarded to applicants with demonstrated experience in providing financial capability services to clients. Additional funds will be made available to supplement selected organizations’ existing matched savings programs.

Eligible Organizations

The funding opportunity is open to:

  • HUD-approved housing counseling intermediaries.
  • State housing finance agencies.
  • NeighborWorks organizations.
  • National, regional and state financial capability intermediaries.


National financial capability intermediaries must have a minimum of 10 sub-grantees, branches or affiliates; regional financial capability intermediaries must operate in one regional area and have a minimum of five sub-grantees, branches or affiliates; and state financial capability intermediaries must operate solely in one state and have a minimum of five sub-grantees, branches or affiliates.

All financial capability intermediaries must have a minimum of three years of experience as a financial capability intermediary.

User registration to complete the application will be available January 2017 and will need to be approved by NeighborWorks America prior to having access to the application. Visit the NeighborWorks Grants Portal to complete the application.

Refer to the funding announcement for further information on eligibility requirements.

How to Apply

In mid-January, the applicant will have access to the online application through the NeighborWorks America Grants Portal. The applicant will sign in to the portal and select Apply Now to access the Project Reinvest: Financial Capability application.
 
Please note that applications will only be accepted via NeighborWorks America's Grants Portal. Submission of hard-copy applications is not permitted.

View slides from the Jan. 25 webinar or watch the recording that shared information about the application process and supporting documentation.

Office Hours

Join our weekly 30-minute open question and answer sessions with Project Reinvest staff.
 

Timeline

Action
Anticipated Date
Funding announcement released and public comment summary released Dec. 22, 2016
Application launch Jan. 19
Webinar on funding opportunity and application Jan. 25
Application closes March 13, 8 p.m. ET.
Application review period March-April 2017
Award determination May 2017

The public comment period for Project Reinvest: Financial Capability opened on Sept. 1, 2016, and closed Sept. 30, 2016. View the results of the Project Reinvest: Financial Capability public comment period.

Relevant Documents

The following documents are available to help potential applicants understand this funding opportunity. For questions or more information, email us.

Homes & Finances