Accountable Bodies:Banks and Credit Unions

Create Individual and Family Development Accounts

Provide progressive Individual Development Accounts (IDAs) and Family Development Accounts (FDAs) offered statewide by means of a dedicated funding stream from the state. Additional potential funding sources include:Using the Community Reinvestment Act to provide banks with credit for funding development accounts; Offering corporate tax breaks for contributions to development accounts; Redirecting unclaimed savings account…

Tags Opportunity to Thrive
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