Secret Money: Individual Development Accounts (IDA)

Secret Money
Individual Development Accounts (IDA)

I have seen up to $10,000 in grant money with 1:2 or 1:3 matching funds for down payment and/or closing cost assistance for a low to moderate income family. Wow, imagine if one of us found $10,000.00 for down payment, and we make more then moderate income, so how would a family with less means fell if you told them where to find this money.

But why is it a SECRET? Why is this great source of funds kept secret from the public? I don't know, yet!

But here is the challenge...and if you wish to participate it would help me make my point (or maybe disspell the myth).

I challenge you to find the nearest IDA program in your state, including talking to someone at the phone number provided for the public.

1. Keep track of time it took you to find the nearest IDA program office; and
2. Then track the the time it takes you to talk to a live person at the IDA Program.