IDA Program

Individual Development Accounts-     See below for informational meeting dates!

Does owning your own home, continuing your education or starting your own business seem like an impossible dream?

It’s not. The key is saving, and we are here to help you fulfill your dreams.

The IDA program is designed to help you save money. You decide how much you can save then every dollar you deposit in a savings account will be matched 2:1 by our program.

If you save $1,000 and we match it with $2,000 for a total of $3,000!

If you are interested in one of the following, this is for you.

• First Time Home Ownership
• Home Owner Occupied Repair
• Post-Secondary Education
• Specialized Skills Training
• Small Business Capitalization

Qualified applicants must:

• Reside in Reno, Kingman, Ford, Stevens, or Harper County
• Must meet the following household guidelines

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.

IHS is working to expand the IDA program to many counties through-out Kansas. The IDA program will be available in a county as donations are made to the IDA program from that community.

Since this program began in 2007, we have had 34 IDA accounts opened, with 30 remaining open as of today.

IHS received the Assets for Independence grant on September 10, 2009.  This grant matches any tax credit donation made to the IDA program, dollar for dollar, effectively doubling every donation made!

If you would like to attend a meeting and learn how you can open an Individual Development Account and start saving to reach your goals, call 1-877-447-5927.

 

 

 Want to help make dreams come true for a family wanting to make a change?

By donating to the IDA program you can help a local household achieve financial stability and receive 45% of your donation as a Kansas Tax Credit!

 

Plus every dollar donated to the IDA Program is matched $1 for $1.

 

 

For example your $5,000 tax credit donation will only cost you or your business $2,750 or less, but gives us $10,000 to help local families.

 

 Ashley, a single mother who grew up in Attica, is working at the Attica Long Term Senior Care Center while attending school to become a Registered Nurse.  Ashley is determined to make a better life for her son and herself. Looking at her new home as an accomplishment Ashley remarks “Interfaith Housing Services and the IDA program made this possible, I love being a homeowner especially for my son.” She is happy to have roots in her small town and is constantly working hard on her home and garden.