Basic Needs: Financial

Basic Needs: Financial

Financial Support in the Twin Cities:

  • St. Kate's Resources
  • Accountability Minnesota »
    Offers free tax preparation at a variety of sites to low income Minnesotan's who meet income guidelines. In additionally, they offer free express refund loans and savings accounts. For more information on guidelines and sites please go to the website.
  • Matched Savings Accounts »
    Individual Development Accounts (IDAs) are special savings accounts designed to encourage low-wage workers to build assets through matched savings, financial education, and financial coaching. Minnesota's statewide IDA program, Family Assets for Independence in Minnesota (FAIM) is made possible through federal, state, and private funding. IDA accounts can be used towards acquisition of one of three assets, home ownership, launching a small business and higher education Participants must meet income requirements and commit to saving up to $480 per year, which is matched at a 3:1 rate for up to two years. For more information on this program and its requirements link to their website.
  • County Emergency Assistance Program
    Typically each county offers an Emergency Assistance program meets the emergency needs of eligible Minnesota families with children under age 21. The family must have an emergency that threatens a child's health or safety and lack the goods or services necessary to protect the child's health or safety. For more information for the county office nearest you call First Call for Help at 211.
  • Energy Assistance Program »
    Helps people with lower incomes to pay their heating/energy bills during the fall, winter and spring months. EAP agencies around the state take applications for the program and decide how much help each household can get to pay their heating bills. The Energy Assistance Program is administered by the Minnesota Department of Commerce. For more information on this program and eligibility requirements go to the website.