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Family Assets for Independence in Minnesota - FAIM Program - Lakes and Pines Community Action Council

39555 Flink Avenue, North Branch, MN 55056

Eligibility

Individuals ages 18 and older who are low-income below 200% of the Federal Poverty Guideline and are residents of Aitkin, Carlton, Chisago, Isanti, Kanabec, Mille Lacs, and Pine County

Required documents

Application/registration form proof of household income/assets

Hours

8 am - 4:30 pm Monday - Friday
https://www.lakesandpines.org/FAIM
[email protected]

Interpretation services

Interpreters available

Application process

Call; walk in

Fees

Monthly savings deposit of up to $84

Service area

Aitkin County, MN
Carlton County, MN
Chisago County, MN
Isanti County, MN
Kanabec County, MN
Mille Lacs County, MN
Pine County, MN

Other Information

Application Process

Walk In

Program Fees

No Fee

Description

??T?he FAIM program provides working low-income Minnesotans to increase their savings, build assets, and enter the financial mainstream. The program is a matched savings project to help participants purchase a first home, pursue higher education, launch a small business, or purchase a vehicle. Participants in the program deposit up to $84 monthly from their earned income into a Family Asset Account (custodial savings account). Participants have up to 24 months to save their earnings and may be matched by the program rate of 3:1 upon successful completion of their contract. All participants are also required to complete a 12-hour Financial Literacy course and 10 hours of asset-specific training.

Last Assured

07/22/2025

Providing organization

Lakes and Pines Community Action Council

Lakes and Pines provides resources to individuals and families with low incomes, which assist them in reaching their goals and increasing their level of self-sufficiency. Offers programs such as financial literacy, energy assistance, emergency housing, and referrals to partnering agencies.