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Individual Development Accounts (IDA)

The IDA program assists low-moderate income Hoosiers attain their goals through matched-savings incentives and financial education.  Operating behind the rationale that income alone is not enough for individuals to break trends of generational poverty, the IDA program focuses on asset building as a key component towards family and self-sufficiency. Participants in the IDA program are eligible to receive up to $4,500 in state match funds towards one of the eligible asset goals mentioned above.  Participants also receive one-on-one counseling and 6+ hours of financial education covering topics such as budgeting, savings, credit, banking, taxes, and other money management strategies.

Qualified participants set savings goals and make regular savings deposits.  Every dollar they save is matched, at a minimum for $3 for every $1 saved, to help them reach their goals so they can:

  • Purchase a primary residence located in Indiana
  • Expand a small business located in Indiana
  • Obtain education job training
  • Make essential repairs to owner-occupied housing
  • Purchase a vehicle for employment, education, or job training purposes

IDA Office Hours

IHCDA is now hosting “Office Hours” for IDA administrators and potential administrators.  
Day/Time - every Friday from 2:00 PM to 2:30 PM EST (unless otherwise noted).

Office hours are open to anyone who has program questions or needs advice on an IDA-related matter. 
Participants include IHCDA staff and any other IDA administrators that join the conversation.
To join, call 1-800-992-0185 and use the code 9879464.

Program Materials

2019-2020 IDA Program Manual
2019-2020 IDA Program Manual Appendix (Updated November 4, 2019)
2019-2020 IDA Training Presentation Slides 
2019-2020 IDA Training Presentation Video

IDA016FT IDA Program Manual
IDA016FT Program Manual Appendix
IDA016FT Administrator Application
IDA016FT Webinar Presentation - Slides
IDA016FT Webinar Presentation - Video

2018-2019 IDA Program Manual
2018-2019 IDA Program Manual Appendix - Updated March 27, 2019
2018-2019 IDA Training Presentation Slides
2018-2019 IDA Traning Presentation Video

2016-2017 IDA Program Manual
2016-2017 IDA Program Manual Appendices

IDA014 and IDA015
2014-2015 IDA Program Manual
2015-2016 IDA Program Manual

Reference Materials

IDA Post Program Survey

Intro to IDA Outcome Tracker Webinar - Recorded April 2, 2019

IDA Match Amounts and Rates

IDA Bank Account Structure

IDA Match Claims

IDA Match Claims Tool - Updated November 4, 2019

IDA One-Pager (updated May 6, 2019)

Click here to access a listing of all Indiana IDA Program administrators - Updated November 8, 2019

IDA Tax Credits

Click here to access the 2019-2020 IDA Tax Credit Application
Note: The final application is due June 17, 2019 at 5:00 PM EST.  Please email ida@ihcda.in.gov with any questions or concerns.

2019-2020 IDA Tax Credit Donor Reports - 1st Half Report   2nd Half Report

2019 IDA Tax Credit Program Management Guidance

ADAPT - Assest Development Asset Preservation Together

ADAPT Policy Manual
ADAPT Progam Appendix


Notice IDA-017-02 - IDA Program Administrator Application Now Available

Notice IDA-017-01 - 2017-18 IDA Tax Credit Program Administrator Application Now Available

Notice IDA-016-01 - IDA Administrator Application Now Open (updated September 6, 2016)

Notice IDA-015-02 - Closing Accounts for Expired Accounts

Notice IDA-015-01 - Closing OOR Accounts for Active of Expired Participants