INDIVIDUAL DEVELOPMENT ACCOUNT


Individual Development Account Program (IDA) – This program is a matched savings account that encourages eligible clients to save money and gain assets. Clients can save for a first home, home repairs, secondary education, job training or start a small business.

To be eligible your household must be at 125% of the Federal Poverty line set by the Department of Human Services.  You must have a child 18 or younger living in the home.  Applicants will be enrolled in the program for a minimum of 6 months and a maximum of 3 years.  Participants commit to saving at least $27.79 per month.  Once applicants have been enrolled for 6 months and have saved $667 CAPCA will match up to $2,000 per person or $4,000 per household!  Contact your local support office for further information and details on how to apply.

 

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