FAIM Program Information

Monthly FAIM Network Meeting 
The FAIM Network Meeting will be held monthly and will consist of program updates and a training topic. Meetings will be held via Teams or Zoom unless otherwise noted.  The link to join will be sent to the FAIM group prior to meetings.  Staff from each local FAIM agency are expected to attend these meetings.

Grant 2086 – enrollment closed

Enrollment closed on September 30, 2024. Forms are available in the Program Forms tab – always use the current forms posted on this site. Complete the pre-enrollment screening and saving affordability calculator tools with those interested to determine potential eligibility AND program readiness before placing them on your wait list.

Grant 2086 Timelines:  Minimum enrollment period is 6-months + 1-day from first deposit date.  Clients must reach this date AND complete training/asset requirements BEFORE they may contact their coach to request a payout.  They must allow the program 21 days to process the request.  The saving/match period is 24 months from first deposit date – late deposits are not matched.  Maximum enrollment to obtain their chosen asset and exit the program is 30 months from first deposit date.

When screening clients for Home Purchase – keep in mind they must have continuous employment with sustained earned income and a credit score of 650+ to qualify for a mortgage within 24 months of being enrolled in FAIM. If this is not feasible, they should not be enrolled for Home Purchase.

Grant 2005 – at capacity
Timelines:  Minimum enrollment period is 6-months + 1-day from first deposit date before a payout may be requested.  Saving/match period is 24 months from first deposit date – late deposits can’t be matched, no exceptions.  Maximum enrollment to obtain their asset and exit the program is 30 months from first deposit date.

Grant 2085 – at capacity
Timelines:  Minimum enrollment period is 1 year + 1-day from first deposit date before a payout may be requested.  Saving/match period is 24 months from first deposit date – late deposits can’t be matched, no exceptions.  Maximum enrollment to obtain their asset and exit the program is 30 months from first deposit date.

Statewide FAIM Program Administration Team

Susan Thoennes, FAIM Administrator   [email protected]    Direct Line: (320) 391-4229
Paige Carlson, WCMCA Aging Well & Asset Development Director   [email protected]
David Snyder, FAIM Director   [email protected]

Grant Administrator – West Central MN Communities Action, Inc. (WCMCA)

411 Industrial Park Blvd, Elbow Lake, MN  56531   (218) 685-4486 or 800-492-4805

1910 Aga Drive, Suite 206, Alexandria, MN  56308   (320) 304-3458

Office Hours: 

Monday-Friday, 8:00am – 4:30pm

Holiday Closures: 

New Year’s Day, Martin Luther King Jr. Day, President’s Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Veteran’s Day, Thanksgiving Day & day after, Christmas Eve & Christmas Day.  If the holiday falls on Saturday, the agency will be closed Friday.  If the holiday falls on Sunday, the agency will be closed Monday.