Family Assets for Independence in Minnesota - FAIM Program - Lakes and Pines Community Action Council
316 Elm Avenue, Moose Lake, MN 55767
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
Vary
Hours
8 am - 4:30 pm Monday - Friday
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
Program Fees
- No Fee
Application Process
- Walk In
??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
05/13/2026
What's Here
Providing organization
Lakes and Pines Community Action Council
Provides resources to individuals and families, such as financial literacy, energy assistance, and emergency housing resources