Using individual development accounts
to save for a home: Are there differences by race?
An Exploration into Individual Development Accounts
as an Anti-Poverty Strategy.
Saving for development: Intended uses and savings in Individual Development Accounts
Since 1999, the federal government has funded Individual Development Accounts
through the Assets for Independence Act, which to date has granted almost $150 million to local programs.
Seeing the important link between assets and financial well-being, the federal government in 1996 started to encourage Individual Development Accounts
The President's proposal builds on the successful model of Individual Development Accounts
(IDAs), extending generous matches to all low- and moderate-income families to encourage them to develop savings and assets (The White House 2000).
Clarke-Gray took advantage of the nonprofit's Individual Development Account
program and got the maximum $2,000 matching funds.
Working on the theory that 'knowing how to save is a skill that can be learned, 27 states have (or are creating) individual development accounts
(IDAs) that provide matched savings for low-income workers who go through finance training.
WASHINGTON -- Today, Capital Area Asset Builders (CAAB) and Citi Community Development formally announced the new Jobs & Entrepreneurship Stimulus Account (JESA) program, an accelerated Individual Development Account
(IDA) savings program for individuals who agree to save $500 towards their small business or job training costs.
Our organization offers an Individual Development Account
grant to low-income individuals or households to help start or build their microbusinesses.
The foundation offers an individual development account
(IDA) program through Iowa credit unions.
Support for an Individual Development Account