One third of the people who live in the City of Duluth are living in poverty or are considered to be working poor. Community Action Duluth is doing whatever it takes to help people who are struggling to achieve a better future.

 

 

 

 

FAIM IDA - Matched Savings Account

                   FAIM matched savings account logo

If you are interested in increasing your assets: in owning a home, starting a business or going to college – you should work with us! We can provide guidance, counseling, coaching, education and most importantly, a fantastic financial incentive to help you meet your goals. The FAIM IDA is a matched saving account that sets aside $3 for every $1 you save! You can save up to $960 and we'll match you $2,880 for FREE! We'll also help you improve your credit, reduce your debt and get your spending /budgeting in check. The way to access these resources is to complete an application, and then make an appointment with a Financial Coach. All of our assistance is confidential and tailored to meet your needs. We look forward to helping you achieve your dreams!

Levi Hansen, Homebuyer    Dane & Kristin GroverLaura Olson, Homebuyer
[click on the above photos to find their stories]

For more information, click here to download the FAIM Flyer

FAIM IDA stands for Family Assets for Independence in Minnesota Individual Development Account. It is a matched savings account specially designed to help you save enough money to acquire one of these three assets:

  • Home
  • Higher education
  • Small business

If you are interested in participating in this program, please complete an application and mail it to Community Action Duluth with three months of pay stubs.

CLICK HERE TO DOWNLOAD FAIM APPLICATION

Mail to address:
2424 W 5th St. Suite 102
Duluth, MN 55806

For more information or an application, please call 218.726.1665.