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CFED Programs: Individual Development Accounts

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IDA Helped Single Mother Get Off Welfare Massachusetts
At one point, Erica was living in subsidized housing in Boston with her two young sons. The majority of their meals consisted of dry, packaged goods lacking in nutrition. Looking to better her situation, she enrolled in an Individual…
 
Immigrant Escaped Poverty with Matched Savings National
Cesilia Bueso tells her friends that she is living proof that with hard work and years of savings, their dreams of homeownership can come true.…
 
Dennis Eliminated 80% of His Debt through an IDA Program Illinois
Dennis Matthews' life is unrecognizable since he enrolled in the IDA program. Before enrolling, he was $10,000 in debt and faced a 45% salary reduction after being laid off.…
 
Mother Struck by Meningitis and Used IDA to Bounce Back Unknown
For 20 years, training and racing horses is how Pat Smith supported her family; but when she was diagnosed with spinal meningitis, that was no longer possible.…
 
Liberian Refugee Used IDA to Start Small Business New York
Okra, eggplant, palaza and dried fish. While some may think "exotic food," Juah Dyer thinks "business opportunity."…
 
IDA Created Opportunity for Woman at "an economic dead end" California
Sunny Suppa had a dream.…
 
No More Shelters: IDA Helped Mother of 3 Buy Her First Home Colorado
Just a few years ago, Sunshine Cross had no job, no home, no college education and three sons to care for. Now, she has a job she loves, owns a home, earned her Bachelor's degree and is pursuing her graduate degree.…
 
His Mom Built Their House, He Built His College Education Fund Puerto Rico
David Texidor had big dreams for the future. At age six, he was a first-grader in the SEED program in Vega Baja, Puerto Rico, and already knew he was saving his money for a college education.…
 
From Saver to Homeowner: IDA Success Stories Part 1 Kansas
To help families achieve the goal of homeowner¬ship, Bank of the West has partnered with CFED to match the savings of low-income Individual Development Account (IDA) participants saving for a new home and to support the nonprofits that …
 
From Saver to Homeowner: IDA Success Stories Part 2 New Mexico
To help families achieve the goal of homeowner¬ship, Bank of the West has partnered with CFED to match the money that low-income individuals saving for a down payment and to support the nonprofits that provide financial education to the…
 
From Saver to Homeowner: IDA Success Stories Part 3 Oregon
To help families achieve the goal of homeowner¬ship, Bank of the West has partnered with CFED to match the money that low-income individuals save for a down payment and support the nonprofits that provide important financial education. …
 
From Saver to Homeowner: IDA Success Stories Part 4 Nevada
To help families achieve the goal of homeowner¬ship, Bank of the West has partnered with CFED to match the money that low-income individuals saving for a down payment and to support the nonprofits that provide financial education to the…
 
From Saver to Homeowner: IDA Success Stories Part 5 California
To help families achieve the goal of homeowner¬ship, Bank of the West has partnered with CFED to match the money that low-income individuals saving for a down payment and to support the nonprofits that provide financial education to the…
 
From Saver to Homeowner: IDA Success Stories Part 6 Kansas
To help families achieve the goal of homeowner¬ship, Bank of the West has partnered with CFED to match the money that low-income individuals saving for a down payment and to support the nonprofits that provide financial education …
 
A Conversation with Savers: IDA Saver Tiara from Trinity University Washington, DC
Tiara is a sophomore at Trinity University and the first in her family to go to college. She attended Maya Angelou Charter School in Washington, D.C. which, up until recently, sponsored an IDA program to save for post-secondary education.…
 
From Saver to Homeowner: Hassan Rasheed's Story Oregon
To help families achieve the goal of homeownership, Bank of the West has partnered with CFED to match the money that low-income individuals save for a down payment and to support the nonprofits that provide financial education to …
 
From Saver to Homeowner: Manuel Nava's Story Oregon
To help families achieve the goal of homeownership, Bank of the West has partnered with CFED to match the money that low-income individuals save for a down payment and to support the nonprofits that provide financial education to …
 
From Saver to Homeowner: Shannon Fox's Story Oregon
To help families achieve the goal of homeownership, Bank of the West has partnered with CFED to match the money that low-income individuals save for a down payment and to support the nonprofits that provide financial education to …
 
The Saeed Family Successfully Saves for a Home California
After months of diligently saving and preparing for homeownership, the Saeed family of Oakland, California achieved their goal and closed on a 4-bedroom, single-family home in October 2012. An immigrant from Yemen, Mr. Saeed and his family of…
 
Len and William Lo Achieve the Dream of Homeownership California
In December 2012, William Lo and his wife Len achieved the dream of homeownership- a dream that at first seemed impossible to reach. With the help from the Alliance for African Assistance's IDA program, the Lo family achieved tangible change…
 

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