2011– 2012 Max Household Income for
Home Purchases in the City of Shreveport
Family size 1
$30,900
Family size 2
$35,300
Family size 3
$39,700
Family size 4
$44,100
Family size 5
$47,650
Family size 6
$51,200
Family size 7
$54,700
Family size 8
$58,250
2011– 2012 Max Household Income for
Home Purchases outside the City of
Shreveport & for Education IDA
Family size 1
$21,780
Family size 2
$29,420
Family size 3
$37,060
Family size 4
$44,700
Family size 5
$52,340
Family size 6
$59,980
Family size 7
$67,620
Family size 8
$75,260
Eligible Participants Include
Those:
Who receive TANF
(Temporary Assistance for
Needy Families)
Who household assets does
not exceed $10,000 in value
Who are eligible for Earned
Income Tax Credits
Who fall within the program
household income guidelines
How Can I Apply?
Pick-up applications at
610 Texas Street, Suite 104
Shreveport, LA 71101
~~~
4646 Hilry Huckaby
Shreveport, LA 71107
~~~
www.susla.edu
~~~
Call Program Coordinator at
318-670-9688
S OUTHERN UNIVERSITY
AT S H R E V E P O R T
A SSET-BUILDING
PROGRAMS
≈≈≈≈≈≈≈≈
A SSETS FOR
INDEPENDENCE
PROJECT ( AFI)
Our Partners
Capital One Bank
City of Shreveport
Department of Health &
Human Services
Department of Housing &
Urban Development
Red River Bank
Shreveport Federal Credit Union
Southern University at Shreveport
Foundation
The Community Foundation of
North Louisiana
Volunteers of America North LA
INDEPENDENCE
SECURITY
FUTURE
ACHIEVEMENT
SUCCESS
OPPORTUNITY STARTS HERE…
What is AFI?
Assets for Independence (AFI) is a
Federal program through the
United States Department of
Health and Human Services that
provides funds for Individual
Development Account (IDA)
Projects. Participants are
required to save on a regular basis
and make deposits from earned
income.
What are IDA’s?
An Individual Development
Account, or IDA, is a special
matched savings account for
people with low-to-moderate
incomes. These accounts are
designed to help individuals and
families establish a pattern of
regular saving and ultimately
purchase an asset. Assets provide
financial security for the future.
For every $1 saved in the IDA
account , we match $3 towards
your asset purchase.
What Programs are Offered?
Homeownership:
For those who have never
owned a home or have not
owned a home in 3 years.
We offer evening and
weekend classes for FREE!!
We offer FREE credit
counseling and
homeownership counseling.
Eligible clients can receive
up to $3,000 in down-payment
assistance through the
homeownership IDA.
Education:
For those who are preparing to
enter a college, university,
technical or vocational school we
have assistance available.
Participants or their parents can
save $250 to $1,000 and receive
funds for tuition, books, supplies,
fees, etc. paid to the educational
institution through the education
IDA.
High school juniors, seniors, GED
and non-traditional students can
apply. Call for more details.
What Training is
Required?
Homeownership:
8 hours of financial education
8 hours of homeownership class
training
One-on-one credit counseling
Ongoing homeownership
education(6 hours)
Education:
8 hours of financial education
10 hours of PREP training
Budget & credit counseling
Both programs require participants
to be enrolled for a minimum of 6
months to receive matching funds
Which Areas Are
Included?
19 Parishes in N. Louisiana*:
Caddo, Bossier, Desoto, Red River,
Bienville, Webster, Claiborne,
Lincoln, Union, Jackson,
Morehouse, Ouachita, Caldwell,
Richland, West Carroll, Franklin,
East Carroll, Madison, and Tensas
*Some restrictions may apply