United Way's IDA Program Gets Matching Funds - United Way of Central Alabama

United Way’s IDA Program Gets Matching Funds

The City of Birmingham has opened the way for 36 potential homeowners or future business owners to achieve their dreams through an Individual Development Account (IDA).  It’s a special savings program administered by United Way of Central Alabama that allows qualifying individuals to save up to $2,000 of earned income that is matched with $4,000 (for a total of $6,000) that can be used for a home or new business. Mayor William Bell presented a check for $86,500 at Tuesday’s City Council Meeting to Samuetta Nesbitt, Senior VP Public Relations, Karla Lawrence, Senior VP Community Initiatives and Trish Hoover, VP Development/Initiatives of United Way.

The city’s matching funds investment, coordinated by John Colón, Director Community Development and Kwani Carson, Assistant to Mayor William Bell, will assist Birmingham residents in acquiring a lasting asset.  The IDA program is part of Assets for Independence, a federal program administered by the Office of Community Services of the US Department of Health & Human Services.  United Way of Central Alabama serves as an administrator for the IDA program. To get started on fulfilling your dream, go to www.uwca.org/ida and learn more.