Individual Development Accounts
Individual Development Accounts (IDAs) enable individuals and households with limited financial resources to save and build assets at an accelerated pace while developing good financial habits. By enrolling in an IDA program with one of our partner agencies, making regular monthly deposits, and completing financial education an individual saver gains access to match funds.
IDAs can be used to achieve the following life goals: post-secondary college education or job training, homeownership, home rehabilitation or repair, small business start-up or expansion, purchasing a vehicle, securing a rental, saving for retirement, and assisitve technology or specialized training.