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Article: The Greater New Orleans IDA Collaborative.(Individual Development Account)(Brief Article)
- Article from:
- Partners in Community and Economic Development
- Article date:
- September 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 www.frbatlanta.org. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Americans have long been encouraged to gain self-sufficiency through programs that promote wealth accumulation. The Individual Development Account (IDA) was born from the idea that low-income workers could achieve better access to homeownership, post-secondary education, and self-employment opportunities by building assets through saving.
IDA programs incent participants to save by providing matching funds. With the cooperation of several local partners, the Greater New Orleans IDA Collaborative is realizing significant results as both an anti-poverty and community empowerment strategy.
In 1997, the Tulane-Xavier National Center for the Urban Community ...