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Foundation Communities' IDA: five years of savings

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Author Info
Community Affairs Office
Abstract

In 1997 Foundation Communities in Austin, Texas, in partnership with Compass Bank, began offering Individual Development Accounts (IDAs) to residents of its affordable, multifamily housing developments. Today, the program has 137 IDA account holders, and participant savings and matched funds total more than $400,000. Of the 39 participants who have completed the program, 16 have used their IDA savings to purchase homes.

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File URL: http://dallasfed.org/ca/epersp/2002/3_2.cfm
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Publisher Info
Article provided by Federal Reserve Bank of Dallas in its journal E-perspectives.

Volume (Year): (2002)
Issue (Month): ()
Pages:
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Handle: RePEc:fip:feddep:y:2002:n:3

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Web page: http://www.dallasfed.org/
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Related research
Keywords: Individual development accounts ; Saving and investment;

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This page was last updated on 2009-12-9.

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