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Capital District Individual Development Account Program Freddie Conyers-Burns 434-1730 Call to sign-up for the Capital District IDA Program Orientation.
The Affordable Housing Partnership, Better Neighborhoods, Inc. (BNI), Capital District Community Loan Fund, Rensselaer County Housing Resources - Troy Rehabilitation and Improvement Program (TRIP) have joined together to develop a Capital District Individual Development Account (IDA) Program to be offered, in Albany, Rensselaer and Schenectady counties. Individual Development Account (IDA) programs have been established around the country to assist working individuals and families achieve self-sufficiency and leave poverty. The purpose of the IDA program is to support the savings habits of working people while providing financial management training enabling them to realize specific financial goals. As an incentive to save, each parficipant's savings are matched at a rate of up to $3 for every $1 saved. Households earning at or under 80% of median income are eligible. Participants will establish a savings account dedicated to achieving a specific financial goal such as home ownership or small business start-up or expansion. The Capital District Individual Development Account program will offer basic money management sessions in addition to goal specific sessions. The Capital District IDA Program has a goal of assisting 100 families reach their financial goals over the next two years. In cooperation with Troy United Ink Corp., a not-for-profit corporation 
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