Individual Development Accounts, or IDA, was a savings to grant matching program that promoted asset development for newly arrived refugees.
The program provided training and technical assistance to help clients save for the purchase of a house or vehicle, start a business, or pursue post-secondary education. CEDS matched clients’ savings at a 1:1 rate with a $2,000 maximum per individual (or $4,000 for household), which means qualified clients could save $2,000 and walk away with a total of $4,000 to purchase or pursue one of the four program goals.
The IDA program was generously supported by the Office of Refugee Resettlement (ORR).
IDA program is no longer accepting applications