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.
Saving for post-secondary education in Individual Development Accounts.
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.
An article in Tuesday's City/Region section on Individual Development Accounts offered by Springfield's Neighborhood Economic Development Corp.
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.
That's the idea behind the Individual Development Accounts, the IDAs.
9, 2014): An article in Tuesday's City/Region section on Individual Development Accounts offered by Springfield's Neighborhood Economic Development Corp.
Eldridge, D-Acton, for championing the Individual Development Account program through the state Legislature, providing resources for first-time homeownership and financial literacy programs.
38 million in loans, grants, Individual Development Account money and owner financing.
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.
When poor workers manage to save part of their income through an individual development account, their funds are matched by private and public donations.

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