Independent Development Account (IDA)
FSCHC is in the sixth year of operating an IDA program. There are four components of the IDA program: 1) Savings by the client (to save $1,000 as a goal) in an account established for the program; 2) case management including goal formulation, financial literacy training, home pre-purchase counseling and credit repair provided by FSCHC counselors; 3) a "match money" incentive funded by MIDAP and other FSCHC partners in the amount of $3,000.00 to a client working to purchase a home and $2,000.00 to a client seeking an education or starting a business: and 4) the actual purchase of the "productive asset" as the sucessful culmination of the program.