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Find the help you need > Individual Development Accounts

Individual Development Accounts

Organizations that provide access to an asset building tool that is designed to enable low-income families to save towards a targeted amount, usually used for building assets in the form of home ownership, post-secondary education and small business ownership. States are authorized by the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 to create community-based IDA programs with TANF block grant funds, and to disregard all money saved in IDAs when determining eligibility for means tested government assistance. Although the program requirements vary from state to state, most are offered through a collaboration of organizations in a community including nonprofit organizations which recruit participants and provide financial planning services, banks or credit unions which provide matching funds (usually one or two dollars for every dollar saved), and foundations, state or federal government which provide financial support for the matching funds. The latter are also known as "matched savings accounts".

3 Locations offering the requested services. Providers are listed by city
SOUTHEASTERN INDIANA ECONOMIC OPPORTUNITY CORPORATION
110 Importing Street
Aurora, IN 47001
(812) 926-1585 Service/Intake
(888) 292-5475 Toll free voice
Dearborn County
SOUTHEASTERN INDIANA ECONOMIC OPPORTUNITY CORPORATIONSOUTHEASTERN INDIANA ECONOMIC OPPORTUNITY CORPORATION - SATELLITE OFFICE
528 Main Street
Brookville, IN 47012
(765) 647-5967 Service/Intake
(765) 647-1244 FAX
Franklin County
COMMUNITY ACTION OF SOUTHERN INDIANA
1613 East Eighth Street
Jeffersonville, IN 47130
(812) 288-6451 ext. 2113 Service/Intake and Administration
Clark County
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