The CASH Program is designed to improve your economic situation and instill within you a long-term savings behavior. Let us help you prepare for your brighter future. There are two main elements of the CA$H program: Education and Individual Development Accounts.
All participants must commit to three parts of the CASH program: attend six hours of financial education, complete four life-skills workshops, and save for a minimum of six months with a minimum deposit of $20.00 per month. After participants complete these three commitments they qualify for a 2:1 savings match to go towards the purchase of one the high-return investments listed below.
There is a maximum amount that IHS will match for each investment. Please see the chart listed below.
|Investment||Amount Saved||Amount Matched||Total Savings|
|First Time Homeownership*||$3,250||$6,500||$9,750|
|Homeowner Occupied Housing Repair||$2,000||$4,000||$6,000|
|Specialized Skills Training||$1,000||$2,000||$3,000|
|Small Business Capitalization||$3,500||$7,000||$10,500|
|*The maximum amount matched will vary depending on the participants marital status.|
Qualified applicants must:
- Be a legal resident of Kansas.
- Must meet the following household guidelines
Income Guidelines as of January 2013
|or be eligible for the Earned Income Tax Credit (EITC) or Temporary Assistance for Families(TAF)|
Applicant’s household must have a net worth (market value of all assets that are owned in whole or in part by any member of the household, minus debt) less than $10,000. This EXCLUDES the home you live in and one motor vehicle.