Empowering Minnesota families to escape poverty & achieve wealth through asset acquisition.

View Asset Tracks
  • Build Personal Assets

    Save for a first home, education, small business, or personal vehicle with matched savings.

  • New in 2024!

    Explore savings options for 529 college plans and emergency funds (limitations apply).

  • 30 Month Program

    Designed to empower low-income Minnesotans to achieve financial independence.

More Than a Matched Savings Account

FAIM combines matched savings with coaching and training to help participants build financial skills and achieve their goals.

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How does it work?

The FAIM program provides a 3:1 match on every dollar you save.

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What assets are included?

Home, car, education, business, and emergency savings

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It can work for you!

The FAIM program has changed the lives of many Minnesota families.

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What is FAIM?

FAIM offers more than just matched savings—it provides personalized coaching throughout the program to help participants build financial skills and achieve their savings goals. 

  • Financial Management Training

    12 hours required

  • Asset-Specific Education

    10 hours required

  • 1:1 Financial Coaching

    Required through duration of savings journey

More About FAIM

Asset Tracks

This grant-funded program is designed to help Minnesota resident low-wage earners build the following assets:

first-time home purchase

First-time Home Purchase

Helping for first-time buyers purchase a primary residence in Minnesota within 30 months (or less)

post-secondary education

Post-secondary Education

Helping offset education expenses at an accredited U.S. post-secondary education institution

small business development

Small Business Development

Helping to build funds to start or expand a small business in Minnesota

personal vehicle purchase

Personal Vehicle Purchase

Helping those without a reliable vehicle or whose vehicle is unreliable and has become a financial drain

529 college savings

529 College Savings

Helping parents with young children start saving toward the future cost of attending college

financial stability

Emergency Savings

Helping households with relatively stable finances build a savings cushion

Could FAIM be right for you?

Contact Us

Looking for guidance on your FAIM savings journey? Contact us today and we'll help you get in touch with your local FAIM Agency and connect you with a coach in your area who can help you achieve your financial goals.

Please note: Enrollment for the current FAIM grant closed on 9/30/2024. Contact us to join a waitlist and learn more about future opportunities.

Looking for guidance on your FAIM savings journey? Contact us today and we'll help you get in touch with your local FAIM Agency and connect you with a coach in your area who can help you achieve your financial goals.

Please note: Enrollment for the current FAIM grant closed on 9/30/2024. Contact us to join a waitlist and learn more about future opportunities.

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