What is involved with opening an IDA? How does it work?

Basically, you open a special savings account at Lake City Bank. Then you make regular monthly deposits to meet your savings goal. You attend the annual Money Management classes and receive matching funds.

Links

Indiana Department of Commerce Individual Development Account

Indiana Association for Community Economic Development

If you have questions about or would like to apply for an IDA, call (574) 269-6019 ext. 27. Be sure to give your name and contact information.