Individual Development Accounts (IDAs) help low-income individuals and families gain assets and become economically self-sufficient. Typically, participants receive two dollars for every dollar they save into the account up to a certain limit, and the funds can be used towards higher education, homeownership, or small business. In addition, participants receive valuable financial education and ongoing guidance and support in reaching their goals.

EBALDC was one of the six original American Dream Demonstration grant recipients in the nation for piloting Individual Development Account Programs, the first large scale test of the efficacy of IDAs as a route to economic independence for low income communities. Since 1997, EBALDC IDA recipients have saved over $1,173,675.45 in personal assets to increase their families’ self-sufficiency and build assets for the future.

Please call us at (510) 287-5353 for more information.