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 appointment to open an IDA account.

Apply On-line

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

 


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.
 

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WestAmerica Bancorporation has been a supporter of Canal Alliance since  1994.  Because of their contribution our  Family Resources Program, continues to provide comprehensive case management so families may improve the quality of their lives, become self-sufficient, access healthcare and improve family functioning.    Once again thank you for your continued support.