Individual Development and Empowerment Account (IDEA) Program. Either a minimum of 10 months with an IDA or FSS program. Adult savings programs are designed. Individual Development Accounts. Prosperity Now solicited responses to its 2016 Individual Development Account (IDA.
The City of Oakland’s Helping Working Families Initiative is proud to announce the launch of its new Oakland’s Families Building Wealth Pilot IDA Program For every $2,000 you save, AC-OCAP will match with up-to $4,000. The goal of the Oakland’s City-Wide Families Building Wealth Pilot IDA Program is to provide greater opportunities for Oakland’s low income families/individuals. The objectives of the program are to 1) increase the level of financial education and take up rate for the City of Oakland’s Annual Earned Income Tax Credit (EITC) Campaign; 2) open previously unbanked low and moderate income families savings accounts; and 3) open Individual Development Accounts with a match of $2 for every $1 saved for a total match of up to $4,000 to assist IDA Savers in achieving homeownership in Oakland, acquiring an accredited post-secondary education, or creating/expanding an Oakland based microenterprise opportunity. Who is eligible to participate in the City of Oakland’s Families Building Wealth IDA Program?
Applicants must: • Have a social security number • Be 18 years of age or older to use of match funds (or 17 at time of enrollment) • Be a current resident of Oakland • Complete eight hours of City of Oakland Families Building Wealth Financial Education training • Have less than $10,000 in net assets, excluding a home and an automobile • Earn wages from full- or part-time work • Meet one of the two income-limit guidelines outlined below: • 200% Poverty Level Guidelines, or • Eligible for the Earned Income Tax Credit (EITC) AC-OCAP is no longer accepting new applicants for the IDA program. For further information, call Alameda County-Oakland Community Action Partnership at 510-238-2362. Program Partners Lao Family Community Development 2325 E. 12th Street Oakland, CA 94601 510-533-8850. Savings: First-time home ownership, education and small business development LIFETIME 1880 Fairway Drive, San Leandro, CA 94577 510-352-5160 Savings: Post secondary education and small business development Oakland Housing Authority 1619 Harrison Street, Oakland, CA 94612 ( mailing address) 510-587-2114 Savings: First time home purchase Civicorps 101 Myrtle Street, Oakland, CA 94607 510-992-7800 Savings: Post secondary education and small business development Operation Hope 3062 E.
Oakland, CA 94601 510-535-6700 Savings: First time home purchase, post secondary education and small business development Women’s Initiative For Self-Employment 519 17th Street, Suite 110 Oakland, CA 94612 510-287-3622 Savings: Small business development, post secondary education and first time home purchase East Bay Asian Development Corporation (EBALDC) 310 8th Street, Suite 200, Oakland, CA 94607 510-287-5353 Savings: First-time home purchase, post secondary education and small business development. Weblogic Server Log File Rotation. Cs3 Licensing For This Product Has Stopped Working Crack.
IDAs and Other Programs Supplemental Security Income (SSI) and Medi-Cal If you are getting (SSI) or and plan to enroll in an IDA, it is very important that you find out who funds that IDA program. If you are on SSI or Medi-Cal, it is highly recommended that you enroll in a federally funded IDA rather than an IDA funded by some other source. If you choose an IDA program that is federally funded, your SSI and Medi-Cal will not be affected by the you save in your IDA account. However, if the IDA program you choose is not federally funded, you may become ineligible for your SSI or Medi-Cal benefits because your IDA account could cause you to go over their. The 2 federal programs that fund IDAs are (TANF) and the (AFIA). However, you do not need to be enrolled in those programs to have an IDA funded by them. When you enroll in a TANF- or AFIA-funded IDA, be sure to ask your IDA caseworker to write a letter on their program letterhead stating that you are participating in an IDA program that is federally funded.
The letter should specifically mention the “Exclusions under Other Federal Statutes” clause. Give a copy of that letter to the (SSA) or Medi-Cal for documentation and keep a copy of it for yourself.
Plans to Achieve Self-Support (PASS) A Plan to Achieve Self-Support (PASS) is an SSI program that allows you to save up money for a specified and SSA-approved work goal, such as starting a new business or getting a different job that will ultimately help you to lower or stop the cash benefits you get from SSI, Social Security, or both. The money you save in a PASS does not count against SSI's and asset limits.