Iowa Community Action Association - Individual Development Accounts
Iowa Community Action Association - Individual Development Accounts
Northeast Iowa Community Action Corp Operation: New View Community Action Agency Operation Threshold North Iowa Community Action Organization Upper Des Moines Opportunity, Inc. Mid-Sioux Opportunity Community Action Agency of Siouxland West Central Community Action New Opportunities, Inc. MATURA Action Corporation South Central Iowa Community Action Program Des Moines Community Action Agency Red Rock Area Community Action Program Mid-Iowa Community Action Hawkeye Area Community Action Program Community Action of Eastern Iowa Community Action of Southeast Iowa Southern Iowa Economic Development Association


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Individual Development Accounts

The Individual Development Accounts program is a partnership of selected Iowa credit unions and families. The goal of the program is to provide low-income Iowans an incentive to develop savings habits as they pursue home ownership, higher education, or the start-up or expansion of a small business.

IDAs are matched savings programs designed to build assets among low-income families. After meeting specified criteria, qualifying individuals will commit to saving regularly for a set period of time. At the end of this period, savings will be matched if they are destined for the following asset building purposes: first-time homeownership, higher education or vocational training and the start up or expansion of a small business.

To find out more about the IDA program, please contact your local Family Development Center or contact Nora Leuck at 641-752-7162, ext. 157.