Individual Development Accounts
The Individual Development Accounts (IDA) Program was established to help limited income families build financial assets. Qualifying participants can open an IDA, and every $1 they save will be matched with $2 or $3, to go toward the purchase of an asset (business, post-secondary education, or a home).
To be eligible you MUST:
- Meet income guidelines
- Agree to complete Educational and Financial workshops
- Agree to meet othe Michigan Saves program requirements
Financial Fitness Workshops are offered at our Traverse City location. The following shedule is as follows:
| Banks & Financial Institutions | May 13, 2009 | 6:00-9:00pm |
| Staying Financially Fit | June 17, 2009 | 6:00-9:00pm |
| Setting Financial Goals | July 22, 2009 | 6:00-9:00pm |
| Taxes and Insurance | August 12, 2009 | 6:00-9:00pm |
| Budgeting | September 23, 2009 | 6:00-9:00pm |
| Credit and Credit Repair | October 21, 2009 | 6:00-9:00pm |
| Banks & Financial Institutions | November 18, 2009 | 6:00-9:00pm |
| Staying Financially Fit | December 16, 2009 | 6:00-9:00pm |
Application Process:
For more information on the IDA Program and how to apply, call (231)947-3780 or (800)632-7334.
Note: The program descriptions on this website were developed in 2009 for general information purposes only. NWMCOG/Community Housing Choices makes no guarantee of the continued accuracy of this information. Please contact the agency for official confirmation of available assistance and your eligibility for assistance.
Contact Information:
Name: Shelly Charron
Address: 3963 N. Three Mile Rd., Traverse City, MI 49686
Phone: (231) 947-3780
Email: scharron@nmcaa.net
Individual Development Accounts Website
Northwest Michigan Community Action Agency: Agency Page, Website
