Individual Development Account (IDA)
Individual Development Accounts are savings accounts in which deposits of low- and moderate-income savers are matched by funding provided through federal and state governments, foundations, or the private sector. IDAs are often contingent on the saver participating in financial education courses and saving for specific purposes such as postsecondary education, homeownership, or establishing a small business - all of which benefit our communities, businesses, and economy.

Currently, there are several private sector entities and foundations that offer financial support for IDAs in Nebraska, but Nebraska's state government does not participate in or utilize TANF (Temporary Assistance to Needy Families) or federal funds that could provide more Nebraskans with the opportunity to build assets .

What can Nebraska do?
Nebraska could use TANF funds and utilize federal dollars to implement a program, which would support matched savings of low-income participants and assist in covering the costs of financial education course.

To ensure a strong and successful program, Nebraska should:
- Provide sufficient funding
- Provide state agency stewardship
- Provide stable funding through a permanent line in the state's budget, trust fund or a tax credit

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