IDA Program Administrator Application Now Available
Since 1997, Indiana’s Individual Development Account (IDA)
program has assisted low to moderate income Hoosiers with the purchase of
qualified assets such as: purchasing a home, owner-occupied rehabilitation,
obtaining higher education or job training, starting or expanding a small
business, and vehicle purchase for the purpose of employment, or education/job
training.
Participants in the IDA Program are eligible to receive up to
$4,500 in state match funds to use towards an eligible asset
purchase. Participants also receive one-on-one counseling/coaching and
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.
Click here to
access the application.
The application for funding will on Monday,
August 6, 2018 at 5 pm Eastern Time.
If you have any further questions, please contact:
Brian Carman at bcarman@ihcda.in.gov or
Steve St. John at sstjohn@ihcda.IN.gov.
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