About Individual Development Accounts (IDA)
Individual Development Accounts (IDA) are matched savings accounts available for low-income individuals seeking to achieve certain financial goals. Under the IDA program, a person’ s savings are matched for purchasing a home, for improving an existing home, small business capitalization, or post -secondary education or training. This program helps low -income individuals and families save money that they can invest in high-return, long-term assets . Assets play a vital role in achieving self-sufficiency by providing current economic security and a financial plan for the future. Individual Development Accounts produce positive outcomes such as accelerating the move to homeownership, obtaining safe mortgages, and succeeding as homeowners, completing a post-secondary education, or starting a business.
CASI receives a limited number of IDA slots each year. Call today to learn what is available - 812-288-6451 Ext. 2117