Education Track

IDA’s will be paid directly to an accredited institution of higher education (trade, college or university) for the individual or the dependent of the individual.

Eligibility & Requirements

  • Within income guidelines

# in HH   Annual Income 

1               $20,108
2               $27,143
3               $34,178
4               $41,213

  • Has GED, High School Diploma or taken assessment for GED.
  • Financial Literacy course completed in 1 year.
  • Continue Financial Literacy sessions (at least 1 each year beginning in year 2)
  • Complete track related training.


Home ownership Track

IDA’s will be paid to the lending source for down payment and closing cost to purchase a primary residence for the individual.

Eligibility & Requirements

  • Income meets guidelines (see Income chart)
  • Job stability
  • Attend orientation class
  • Complete financial literacy class in first year
  • Complete home ownership class
  • work to repair credit (on-going)
  • Maintain employment
  • Complete track related training

Small Business Track

IDA’s will be released to purchase or start a business which meets criteria. Can not be used to liquidate debt owed on current business.Can be used to purchase equipment if related to business.

Eligibility and Requirements

  • Income meets guidelines (see Income chart)
  • Attend orientation class
  • Complete Financial Literacy class in first year
  • Complete Small Business Course with Neighborhood Economic Development Center (NEDC) to develop business plan
  • Develop list of assets and liabilities personally and for the business
  • Complete track related training

For More Information Contact:

Sandra Thompson
Phone: 812-492-3958