Description

Offers residents a chance to sign up for an Individual Development Account or IDA, which is a special escrow savings account designed to help people with low or modest incomes save up for a major, lifelong asset such as a home. For every dollar saved in an IDA, account holders receive a corresponding match. Participants must agree to complete financial education classes and use their savings towards the purchase of a home. IDAs make it possible for individuals and families to build the financial assets they need to achieve homeownership.

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