Community Action Partnership of San Bernardino County

Individual Development Accounts (IDA)

The goal of the IDA Program is to provide the opportunity through education and participation for low-income families and individuals who aspire towards self-sufficiency to acquire one of three assets; homeownership, continue with post secondary education and or start/ expand their own business.

The IDA Program is 2:1 cash matched incentive savings program designed to enhance the economic asset opportunities for medium to low-income families and individuals. It does so by requiring a monthly deposit into a secured savings account. Each dollar that is saved by the participant is matched up to a maximum of $ 2,000. The IDA Program requires attendance to fifteen mandatory workshops designed to enhance the participant’s knowledge of personal finance management, life skills, parenting, educational and vocational opportunities. The  IDA Program offers a comprehensive case management component that insures hands on program management, guidance and direction.

Partner Agencies

Arrowhead United Way

First 5 of San Bernardino

Citibank

Union Bank

Washington Mutual

Economic Development Agency

Catholic Charities

Diocese of San Bernardino

Community Investment Corporation

Community Action Partnership of Riverside County

Inland Empire Women’s Business Center 

Services 

• Workshops are provided at no cost to the participants
  • View Workshop Schedule, Orientation Schedule and Workshop Locations for 3rd Quarter 2008.
  • View Workshop Schedule, Orientation Schedule and Workshop Locations for 4th Quarter 2008.
• Case Management
• Referral source to other social service agencies

Eligibility

All Services require the following documentation:

• Must be a resident of San Bernardino County
• TANF participants are also eligible
• Must Be Employed
• Must meet Income Net and Worth guidelines Guidelines
  • Households eligible for Earned Income Tax Credit 0r
  • Income less than 200% federal poverty guideline
  • Prior year net worth must not exceed $10,000 excluding  the primary residence and one vehicle  

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Send questions regarding programs and services to the respective contact person in our directory.  Other technical comments on this website can be submitted to webmaster@capsbc.sbcounty.gov

Copyright © 2003 Community Action Partnership of San Bernardino County
Last modified: September 18, 2008