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.
Are you a practitioner, policymaker or interested in learning more about IDAs? Use the links below to find out more.
Wondering if an IDA is right for you? Watch the video to the right and then click to learn how to save in an IDA.
Learn more about how IDA works and review our frequently asked questions.
IDA Program Directory
Are you interested in opening an Individual Development Account for yourself? If so, the IDA Program Directory will help you locate a provider near you.
Visit Public Policy to take action in support of legislative efforts to expand IDAs to millions of low-income families in the United States.
Research & Resources
Savers and practitioners can find more information in our Research & Resources section.
Latest IDA News
The way we frame and view individuals’ plight into poverty greatly influences how we believe assistance should be delivered.
This summer, as an Intern for CFED’s Savings and Financial Security team, I had the opportunity to develop, disseminate and analyze the 2013 IDA Program Survey.
CFED and Bank of the West have partnered to bring IDA practitioners a unique opportunity to support their homeownership savers.