Foundation Communities' IDA: five years of savings

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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Year of publication:	2002
Institutions:	Community Affairs Office
Published in:	e-Perspectives. - Federal Reserve Bank of Dallas. - 2002, 3, 1
Publisher:	Federal Reserve Bank of Dallas
Subject:	Individual development accounts \| Saving and investment

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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