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IDA ORIENTATION

Urban League of Broward County

Thursday, July 27, 2017 from 6:00 PM to 7:30 PM (EDT)

IDA ORIENTATION
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IDA Orientation
125 Tickets Jul 26, 2017 Free  

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Event Details

 

Individual Development Account (IDA) Orientation

Registration is open 24/7
  

Individual Development Account (IDA) Program:

 Individual Development Account (I.D.A.) Program Orientation is an asset building program designed to help low income families build wealth through asset building.  The program provides an 8:1 match for Education ($500 must be saved by the participant);, 4:1 match for Business ($1,000 must be saved); 2:1 match for home purchase (participant must save $2,000).  All participants must be in the program for at least six months before funds can be spent.  

The IDA orientation will provide information on eligibility requirements, process flow, program expectations, ending with a question and answer session.

Eligibility Criteria

  • Participants must be residents of Broward County and at least 18 years of age.
  • Members of the household must be eligible for Temporary Assistance to Needy Families (TANF), Earned Income Tax Credit (EITC) or have an adjusted gross income that is less than twice the federal poverty guidelines at the time of application.   (See chart included)
  • Participants must be employed for at least three (3) months.
  •  Must be able to save a minimum of $50 per month.  (3 consecutive months of bank statements must be submitted).

 

 

2016 INCOME CHART

 

 

Unit Size

 

 

MONTHLY

200%

1

$1,980

2

$2,670

3

$3,360

4

$4,050

5

$4,740

6

$5,430

7

$6,122

8

$6,816

+1

$694

 

Unit Size

 

 

YEARLY

200%

1

$23,760

2

$32,040

3

$40,320

4

$48,600

5

$56,880

6

$65,160

7

$73,460

8

$81,780

+1

$8,320

 

 NOTE:

  • Plan to arrive at least 10-15 minutes prior to orientation as we will begin promptly at 5:30pm.
  • Guests and children are not allowed in the orientation at any time
  • It is recommended that you bring a sweater as the building can be cold at times
 
Thank you for choosing the Urban League of Broward County

 

 

 

 

Have questions about IDA ORIENTATION? Contact Urban League of Broward County

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When & Where


Urban League of Broward County
560 NW 27th Ave
Fort Lauderdale, FL 33311

Thursday, July 27, 2017 from 6:00 PM to 7:30 PM (EDT)


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