Individual Development Account


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Individual Development Account

A savings account for persons with lower income. The funds put into an IDA are matched by a public or private organization. One may use the funds in an IDA for educational purposes, starting a business, or buying a first house. IDAs are accompanied by programs for credit improvement and other classes to help account holders move up from poverty and into the middle classes.
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Individual development accounts state policy guide: Advancing public polities in support of IDA.
Exploring saving performance in an IDA program: findings for people with disabilities
Assets Beyond Savings in Individual Development Accounts.
More than a penny saved: long-term changes in behavior among savings program participants
Saving for post-secondary education in Individual Development Accounts.
Individual development accounts and social justice
Individual Development Accounts and other strategies like microenterprise development are often paid for with a patchwork of public and private funding and managed by a hodgepodge of community nonprofits, government agencies, banks and credit unions.
Building assets: a new approach: a movement is growing to create more opportunities for lower-income families to save and invest
An article in Tuesday's City/Region section on Individual Development Accounts offered by Springfield's Neighborhood Economic Development Corp.
CORRECTIONS
Lawmakers also are talking banks and businesses into investing in Individual Development Accounts (IDAs) that can double or triple the money a low-income family can set aside.
Growing a middle class: lawmakers are promoting financial stability and success for working families
That's the idea behind the Individual Development Accounts, the IDAs.
From Research to Policy: Lessons from Individual Development Accounts
9, 2014): An article in Tuesday's City/Region section on Individual Development Accounts offered by Springfield's Neighborhood Economic Development Corp.
Program pays off for savers
Eldridge, D-Acton, for championing the Individual Development Account program through the state Legislature, providing resources for first-time homeownership and financial literacy programs.
Awards honor efforts to help area's poor; Community Action lauds groups that help mission
38 million in loans, grants, Individual Development Account money and owner financing.
Nonprofits plant seeds of change in Delta City
Combining funding from a variety of sources, Fresh Ministries Individual Development Account (IDA) Partner Group enables families to build wealth and strive for economic independence.
North Florida: partnership builds wealth for working poor
When poor workers manage to save part of their income through an individual development account, their funds are matched by private and public donations.
Helping the poor save

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