Individual Development Account

In partnership with Earned Assets Resource Network (EARN) we connect qualified individuals to this exciting savings opportunity.

What is an Individual Development Account?

An Individual Development Account, or IDA, is a special savings account for low-income people who qualify. Money saved in an IDA is matched 2-to-1 with donations. After the savings goal is reached ($2,000 max), savers receive 2 dollars for every one dollar saved in an IDA ($4,000 max) . IDA savings and match money can be used for a first-time home purchase, post-secondary education (college or vocational school), or to start or invest in a small business.

While in the program, which takes 2 years on average, participants will learn about budgeting, saving, banking and more. Savers also attend specific workshops that relate to their desired asset purchase.


How can I open an Individual Development Account?

(415) 306-0439 Adriana Acosta

Contact Adriana Acosta to make an appoitment to open an IDA account.

Apply On-line

Click on the Spanish On-line Application Form link to open an Individual Development Account


To learn more about IDA accounts see our on-line Orientation in Spanish:


For additional information about our Individual Development Account Program, contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it Economic Development Assistant, at (415) 306-0439.
 

subscribe to e-news

Sign up for the newsletter!
*
required

*

*



Email Marketing by VerticalResponse

Stay Connected




EnglishEspanol

  • News

  • Donate

  • Volunteer

Super Saturdays Tax Help
9am - 4:30pm
Saturdays – March 6 & March 27
Pickleweed Community Center
50 Canal Street - San Rafael, CA
The returns will be reviewed by professionals and filed electronically, allowing taxpayers to receive their refund in seven to 10 days with direct deposit.

Thank you for helping us fulfill our mission to develop a self-sufficient and a healthier community.

Donate Now Vehicle Donations
Donate Stocks In-Kind Contributions
In Honor of Support our supporters
Corporate Partners

 

We are excited you are interested in volunteering in the work of Canal Alliance. Volunteers are an important part of our organization. There are many ways you can make a difference through volunteering. Check out the list for the right match for you!

Current Volunteer Opportunities

 

Volunteer of the Month

Canal Alliance’s Volunteer of the Month for March, Teresa Rodriguez, is a longtime volunteer with our Food Distribution Efforts. read more...


Latest Blog Posts

Featured Partner

An engaged community partner since 1999, Wells Fargo helps Canal Alliance in promote a healthy, financially sound community.   Bilingual Wells Fargo employees teach Financial Education and Small Business workshops, provide translations at our Super Saturday tax events and Job Fairs and perform service projects with our youth.  The Wells Fargo Foundation has been a most generous supporter and in 2009 awarded Canal Alliance their Hispanic Spirit Award .