Some Community Action Agencies offer IDA programs to help low-income families build the financial assets they need to achieve their dreams. They also can provide information on other IDA programs. The Corporation for Enterprise Development lists IDA programs on its website at

IDA programs were first created in 1993, with just a few available. Today, more than more than 200 organizations across the nation run IDA programs. Visit the CFED IDA Directory to view a list of programs by state.

By participating in an IDA, you can save money toward a specific goal. A sponsor matches the money you contribute, so you save more money even more quickly. In general, your IDA can be used to buy a house, increase your education or start a business. While these worthwhile goals don’t guarantee prosperity, they can help you feel more stable economically and break the poverty cycle. They also encourage you to become more involved in your community—and that’s priceless.

Individual Development Accounts: Goals of the IDA Program

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