Individual Development Account (IDA) Administrator Application Now Available

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Brian Carman
Community Programs Analyst
Indiana Housing & Community Development Authority

Click here for more information about the IDA program.

IDA Administrator Application- Now Available!

Since 1997, Indiana’s Individual Development Account program (the “IDA Program”) has assisted low to moderate income Hoosiers with the purchase of qualified assets such as: purchasing a home, obtaining higher education or job training, and starting or expanding a small business.  In 2016, owner-occupied repair and motor vehicle purchase were added as qualified asset purchases to expand the impact of the program.

Participants in the IDA Program are eligible to receive up to $4,000 in state and federal match funds to use towards an eligible asset purchase.  Participants also receive one-on-one counseling/coaching and over 8 hours of financial education covering topics such as budgeting, savings, credit, banking, taxes, and other money management strategies. 

Each year, IHCDA awards funding to eligible non-profits, Community Action Agencies and Community Development Corporations across the State of Indiana to administer the IDA Program and these accounts.  Currently, IDA013FT is available using PY2016 program guidelines. This is a fast track application for participants who can complete the IDA program with 18 months.

All interested agencies are encouraged to apply by the application deadline of 5 p.m. Eastern Time on Thursday July 6, 2017, at the following link:

IDA 013FT at: