Individual Development Accounts
Individual Development Accounts (IDAs)
Individual Development Accounts (IDAs) are matched savings accounts that help people with modest means to save towards the purchase of a lifelong asset, such as a home.
CFED was an early leader in the creation and growth of IDAs as a practice, and later as a federal and state policy strategy for building economic security. IDAs are a social innovation that has been proven to expand economic opportunity by creating assets for in low-income households.