IDA EDA

IDA and EDA
Individual and Educational Development Accounts

IDA and EDA help qualified participants save and build financial assets to be used for education, housing or the start-up of a business. EDA participants are parents of 21st Century Scholars and are part of an innovative partnership.

Savings are matched on a three-to-one basis by the state of Indiana through its Department of Housing and Community Development Authority. Program participants are eligible for a period of four years, and receive training in financial literacy, budgeting and first time home buying.

Individual Development Accounts

Helps qualified participants save and build financial assets to be used for education, housing or the start-up of a business.

Educational Development Accounts

Savings are matched on a three-to-one basis by the State of Indiana through its Department of Housing and Community Development Authority. Program participants are eligible for a period of three years, and receive training in financial literacy, budgeting and first time home buying.