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What is an Individual Development Account (IDA)?

An IDA is a special kind of savings account.

If you qualify, you can get an extra $2 put in the account for every $1 you put in.

In return, you agree to use the money for certain things, such as buying a car or a home, going to school, or starting a business.

If you put $1,000 in an IDA, you can have $3,000 total!

To learn more, contact one of the Milwaukee agencies that offer IDAs:

Lao Family Community
(Dorie Steffen)
2331 West Vieau Place
(414) 385-3380
UMOS - United Migrant Opportunity Services
(Ruth Gutierrez)
910 West Mitchell Street, 5th Floor
(414) 389-6693
SDC - Social Development Commission
(Mira Vujnovic)
2201 North Martin Luther King, Jr. Drive
(414) 265-7541
Wisconsin Women's Business Initiative Corporation
(Janell Hackley)
2745 North Martin Luther King, Jr. Drive
(414) 263-5450

 


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