Grants of up to $4,000 for artists seeking to become first-time home buyers and $1,500 for artists who wish to make business-related investments will be available for low- to moderate-income artists (all disciplines encouraged to apply). The program provides financial support through “individual development accounts,” a financial tool that provides an incentive “match” for the participant’s own savings over a period of 6 – 30 months. Bonus matching funds of $1,000 are available to select artists who opt to pursue a $500 online crowdfunding campaign to help fund their match.
Profiles of past participants are available at www.assetsforartists.org, and a detailed overview of the Assets for Artists program appears in the Berkshire Trade & Commerce newspaper and may be downloaded here.
Assets for Artists is a partnership between MASS MoCA (www.massmoca.org), the Massachusetts Small Business Development Center Network (www.msbdc.org), the Midas Collaborative (www.massassets.org), and local partners in other communities, with funding for slots for Lowell artists from the federal Assets for Independence program, the Cultural Organization of Lowell, and the Massachusetts Cultural Council (www.massculturalcouncil.org).
For all questions about the Assets for Artists pre-application process or the program in general, contact Blair Benjamin at MASS MoCA at 413-664-4481 x8104 or email@example.com.