Transportation Funding

 

Transportation Funding Overview (page 1 of 3):

Transportation Funding offers families who have no credit or a damaged credit history an opportunity to receive up to a $3,000 loan to purchase a vehicle, or up to $1,000 for vehicle repairs from one of our partnering financial institutions.  Families will be given the opportunity to do the following:

  • Obtain free credit reports and credit scores
  • Build and improve credit histories
  • Maintain employment
  • Improve spending and budgeting skills
  • Have adequate transportation for medical, dental, or other appointments
  • Drive children to quality child care
  • Have the ability to participate in community and after-school activities

To get started, go to the pre-qualification self-test or call us at 1-888-615-1384.  We will provide a pre-qualification screening on the phone.  If you qualify, we will mail an application packet to you or download one from this site.

Communities Investing in Families reserves the right to eliminate any candidate who does not meet program qualifications.

 

With the loan you can:

  • Purchase a used vehicle (up to $3,000)
  • Repair your existing vehicle (up to $1,000)

Applicants must:

  • Be a current participant in the Minnesota Family Investment Program (MFIP) or the Diversionary Work Program (DWP).
  • Reside within Chisago, Isanti, Kanabec, Mille Lacs or Pine Counties
  • Have a current and valid Minnesota Drivers License
  • Obtain full insurance coverage on a vehicle
  • Be in need of transportation for work
  • Be an involved parent of a child under 18
  • Currently employed at least 20 hrs/wk for the last 6 months
  • Be able to make timely monthly loan payments and maintain regular vehicle maintenance
  • Be willing to actively participate in improving your personal financial situation
  • Meet program income guidelines
  • *Your total household income must be equal to or less than the below amounts to qualify

    200% of Fed. Poverty Guidelines

    1

    Person

    2

    Persons

    3

    Persons

    4

    Persons

    5

    Person

    6

    Persons

     

    $21,660

    $29,140

    $36,620

    $44,100

    $51,580

    $59,060

TransFunding Overview <page1><page 2><page3>

 

For more information, please contact us at:
www.investinfamilies.org

 

 

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