Individual Development Account Program (IDA)
The IDA program empowers individuals and families who qualify to develop and maintain solid financial foundations by helping them save for the purchase of a high-return asset. This asset could include buying a home, making repairs to the home you currently own, continuing education through college or technical training, and starting or growing a small business.
Participants learn to overcome obstacles and master savings in a convenient online class that fits any schedule. Upon completion of the class, clients are eligible to open a savings account and receive a 2:1 match for every dollar they save.
Qualifying households save for a minimum of six months towards the purchase of their asset.
The program helps participants:
- Gain tools for managing finances
- Learn responsible savings behavior
- Participate in life skills workshops
- Receive 2:1 matched savings
- Purchase a high-return asset
- Become financially self-sufficient
For more information, please contact Rose Smyres at 620-662-8370 ext. 710 or email email@example.com.