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 roses@interfaithks.org.

 
"I am so thankful for Interfaith Housing helping me to become a self employed nail technician. To be able to make my own schedule to be home with my son more is a great blessing." - Tami

"I am so thankful for Interfaith Housing helping me to become a self employed nail technician. To be able to make my own schedule to be home with my son more is a great blessing." - Tami

“This program helped me get through my social work degree, and allowed me to have minimal debt. Once I graduate, I can pay it forward by serving the community.” - Connor

“This program helped me get through my social work degree, and allowed me to have minimal debt. Once I graduate, I can pay it forward by serving the community.” - Connor

“We had been taught to avoid debt at all costs, so we didn’t have any debt going into the program. We learned to leverage debt in order to build a credit history in preparation for our purchase.” - Kelsi

“We had been taught to avoid debt at all costs, so we didn’t have any debt going into the program. We learned to leverage debt in order to build a credit history in preparation for our purchase.” - Kelsi

Create a legacy

To learn more about making a gift in your will or living trust that will impact lives and transform communities for years to come, please contact Lacie Janzen, Director of Development and Marketing, at 620.662.8370 ext. 717 or laciej@interfaithks.org.