IDA's (Individual Development Accounts) Will help you buy a house!
family budgeting and topics related to credit issues and comparison shopping. By pairing financial education with an incentive to save, IDAs are an effective way to begin a lifelong habit of saving and provide a long-term solution for low to moderate-income families and individuals to break poverty cycles.
Growth of IDA programs: As of August 2000, twenty-nine states have passed IDA legislation, and several other states have introduced, or plan to introduce, IDA legislation. On the Federal level, the Assets For Independence Act was passed in 1999 initiating an opportunity to expand IDAs even further.
Publications:
· Assets and the Poor: A new American Welfare Policy, by Michael Sherraden, Armonk, NY: M. E. Sharpe, Inc., c1991.
· Black Wealth/White Wealth: A new Perspective on Racial Inequality, by Melvin Oliver and Thomas M. Shapiro, New York: Routledge, c1995.
· IDA Program Design Handbook: A Step-by-Step Guide to Designing an IDA Program - Fourth Edition, Washington, DC: CFED, c2000. Available from: CFED 202-408-9788
777 N. Capitol Street NE, Suite 800
Washington, DC 20002
Web Pages:
Corporation for Enterprise Development (CFED): www.cfed.org
IDA Learning Network: www.idanetwork.org
Center for Social Development (CSD): http://gwbweb.wustl.edu/Users/csd/
You can check your state IDA programs at:
http://www.idanetwork.org/index.php?section=state&page=state_pages.html
Growth of IDA programs: As of August 2000, twenty-nine states have passed IDA legislation, and several other states have introduced, or plan to introduce, IDA legislation. On the Federal level, the Assets For Independence Act was passed in 1999 initiating an opportunity to expand IDAs even further.
Publications:
· Assets and the Poor: A new American Welfare Policy, by Michael Sherraden, Armonk, NY: M. E. Sharpe, Inc., c1991.
· Black Wealth/White Wealth: A new Perspective on Racial Inequality, by Melvin Oliver and Thomas M. Shapiro, New York: Routledge, c1995.
· IDA Program Design Handbook: A Step-by-Step Guide to Designing an IDA Program - Fourth Edition, Washington, DC: CFED, c2000. Available from: CFED 202-408-9788
777 N. Capitol Street NE, Suite 800
Washington, DC 20002
Web Pages:
Corporation for Enterprise Development (CFED): www.cfed.org
IDA Learning Network: www.idanetwork.org
Center for Social Development (CSD): http://gwbweb.wustl.edu/Users/csd/
You can check your state IDA programs at:
http://www.idanetwork.org/index.php?section=state&page=state_pages.html
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