Journal Article

Foundation Communities' IDA: Five Years of Savings

Abstract: Foundation Communities, a nonprofit developer of multifamily housing, began the program to help low-income families living in its 11 properties save for the future. IDAs are usually opened at a local bank, with a foundation, government agency or other organization matching participants' deposits.

Keywords: Saving and investment; Individual development accounts;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: e-Perspectives

Publication Date: 2002

Volume: 2

Issue: 3

Order Number: 1

Note: Melissa Garcia's Best Practices for an IDA Program appear at the end of this article.