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IDAs: Individual Development Accounts
 

IDAs are restricted savings accounts used solely for the purpose of investing in qualified assets, such as a home, post-secondary education, or a small business. IDA programs match the IDA savings of low-income account holders from earned income.

Funds are provided by both public and private organizations. The programs require committments from 1 year to 3 years.

A good website to view regarding all IDA programs in Massachusetts is MIDAS.

   

Saving for Success
International Institute of Boston
Julie Sutton
One Milk Street
Boston, MA 02109
617.695.1639

Talking Dollars, Making Sense
Allston Brighton Community Development Corporation
Michelle Meiser
15 North Beacon Street
Allston, MA 02134
617.787.3874

Growing Your Money
Madison Park Development Corporation
Jackie Cooper
2201 Washington Street
Roxbury, MA 02120
617.541.3900
Project Wealth
Organization for a New Equality
Rebecca Ely
410 Boylston Street, 5th Floor
Boston, MA 02116
617.424.6631 x13
Economic Empowerment Program
Women's Institute for Housing and Economic Development
Dia Damali
14 Beacon Street, Suite 608
Boston, MA 02108
617.367.0520
Independent Deposit Account
Independent Deposit Accounts Network for Practitioners
Walter Suckau
410 Boylston Street, 5th Floor
Boston, MA 02116
617.599.8766
Dollar for Dollar
Jewish Vocational Service Center for Careers and Lifelong Learning
Robby Vanrykel
105 Chauncy St.
Boston, MA 02111
617.399.3233