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Family Assets for Independence in Minnesota - FAIM - Tri-County Action Program - Waite Park

1210 23rd Avenue South, Waite Park, MN 56387

Eligibility

Participants must be at least 18 years of age, have earned income, be a resident of Minnesota at the time of participation in FAIM, have assets of $10,000 or less, and their household income must be at or below 200% of poverty

Required documents

State ID

Hours

8 am - 4:30 pm Monday - Friday
https://tricap.org/assistance/faim/
[email protected]

Application process

Call

Fees

Vary

Service area

Benton County, MN
Sherburne County, MN
Stearns County, MN
Wright County, MN

Description

Assisting low-income working adults to save money for either post-secondary education, home purchase, vehicle purchase, or starting/expanding a small business. - All money saved is matched at a 3:1 ratio - Participants place $84.00 per month into a FAIM savings account for two years - Participants save up to $2,000 over the two years and receive $8,000 - Participants learn to change spending and savings behavior, including consumer debt reduction - Participants are required to complete a minimum of 12 hours of financial management classes and an additional 10 hours of asset-specific classes

Last Assured

12/30/2025

Providing organization

Tri-County Action Program - Waite Park

The mission of Tri-CAP is to enhance and expand opportunities for the economic and well-being of the residents and community.