Ah Dee Gwa is originally from Burma and currently lives in Aurora, Colorado with his wife, and four children in a home purchased through the CEDS Individual Development Account (IDA) home ownership program.Read Full Story »
|Ah Dee successfully exited the CEDS IDA program when $4,000 in personal savings was combined with the $4,000 in CEDS matching funds, for a total of $8,000 towards a home down payment.|
Financial Impact #2:
|Ah Dee’s $8,000 in down payment savings was combined with $5,000 in down payment assistance from Mile High United Way IDA program. This allowed him to purchase a $206,000 home with a $193,000 mortgage.|
|Individual Development Account|
Ah Dee Gwa with his family of six, were resettled in Denver, Colorado in August 2009, after spending many years in a refugee camp. He heard about the Individual Development Account program (IDA) from one of the resettlement agencies in Denver where CEDS staff often present the IDA program. Ah Dee Gwa came to our office in November 2013, and was enrolled in the IDA program in the same month with a home purchase asset goal. As a result of the impacts discussed above, he was able to purchase and close on his very first home of five bedrooms and two baths in November 2014.