MAF Immigration Families Fund – Overview
The Mission Asset Fund (MAF) offers a direct national cash assistance program. This program focuses on helping immigrants and low-income households to improve their financial lives more quickly.
Despite numerous federal policies, it was reported that over 11.5 million immigrants were denied unemployment and food assistance. These individuals have not yet received stimulus checks either.
According to reports, immigrant families with two-parent, two-child households were denied as much as US$ 11,400 in stimulus checks.
A MAF survey of 11,677 immigrant families found almost 4 out of 10 families were late for rent and facing the risk of eviction. Around 1/3rd of the immigrant families had lost regular income. This resulted in preventing doctor’s visits and skipping meals.
The MAF announced the Immigration Families Recovery Fund (IFRF) for immigrant families across the United States.
What is the MAF Immigrant Families Recovery Fund (IFRF)?
The MAF’s Immigrant Families Recovery Fund (IFRF) is a US$20 million financial assistance program. Under this, the MAF will provide around US$ 300 monthly to selected 2,500 immigrant families with children.
This financial aid will be provided to immigrant families that have been left out of several federal financial relief programs.
Besides this, the MAF will provide financial training and self-advocacy training to help immigrant families heal more quickly.
This program is built on the highly successful 2020 Pandemic Rapid Response Fund. This program has helped over 50,000 immigrants, small business owners and students. Similarly, the MAF does not use the first-come-first-serve or lottery system for IFRF.
This is to allow non-privileged individuals to be selected according to financial equity.
This way, the MAF will be able to deliver direct cash assistance to marginalized families. It works well for families with low-income streams and maximum financial stress.
Last year, the MAF distributed US$ 500 to eligible families under IFRF. The pre-application process for this fund is closed. Still, if you have been invited, then you can submit a full application. These are based on equity, eligibility and available funds.
If you have been invited for the full application, visit the site to find out the eligibility and application requirements.
Impact of MAF’s Immigration Families Fund
Applying for or receiving a grant through the MAF Immigration Families Fund is not considered to be under the public charge rule.
A person’s use of public benefits received through a government agency influences the Public Charge analysis. This is essential when applying for legal status. In case you access a disaster relief program, then it is not considered a factor for Public Charge.
Is the MAF Immigration Families Fund taxable?
Individual recipients and their specific situations vary vastly when it comes to reporting requirements and taxes. It is strongly advised that you consult a tax professional, such as a CPA, tax preparation service or tax lawyer. They can guide you on reporting grant funds when filing your taxes.
To learn the details of the taxability of the IFRF grant, you can check out the official IRS guidelines on this by visiting https://www.irs.gov/taxtopics/.
Specifications of the MAF Immigration Families Fund
Let’s check out the most important aspects of IFRF that you need to remember:
- MAF offers IFRF one grant to one individual (2 grants per household)
- Do not submit another application if you have already received a grant under MAF’s IFRF program
Here are some important eligibility criteria to remember before applying for MAF’s IFRF relief fund:
- Earning less than US$ 99,000, or having a total household income below US$ 198,000 (as of 2019).
- Have not received a grant from MAF previously.
To apply for the MAF’s Immigration Families Fund, you can check out the official website at https://www.missionassetfund.org/immigrant-families-grant/.
The MAF’s Immigrant Families Recovery Fund has helped tens of thousands of immigrants to improve their lives after the lockdown.
This has impacted their quality of life noticeably. For more information on the next round of the application process, we encourage you to check the MAF official website regularly.