Individual Development Accounts

The Assets Ohio 2017 RFP is now available!

Individual Development Accounts (IDAs) are an approach for low to moderate income individuals and families to fulfill their American dream to purchase either a home for the first time, earn a post-secondary education/trade credential, or open a small business. The promise of having one or more of those assets is your ticket to self-sufficiency and independence.

Eligible individuals with earned income at or below 200% of the poverty level can deposit a portion of their earnings into an IDA savings account. When they reach their goal, the savings will be matched for down payment on a home, tuition assistance or start up funds for a micro-enterprise. Savings match ranges from 2:1 to 4:1; so for every $1 you save, you will receive at least $2. If you are fueled with desires to purchase your asset, willing to save, committed to living within a budget, take the necessary steps to improve your credit score and agree to attend trainings then this is the program for you. IDAs require a huge personal commitment but are worth the sacrifice. And let's be honest, in these economic times, this is by far the best return on your investment!

List of Current Partner Sites

Adams Brown CEOI
Lisa Tumbleson Davis
406 West Plum Street
Georgetown, OH 45121
(937) 378-6041 Ext. 238
ltumbleson@abcap.net
Service Area: Adams and Brown Counties
Types of Assets Offered: Micro-Enterprise

Bridges Community Action Partnership
Wendy Perkins
232 North Main Street, Suite G
Marysville, Ohio 43040
(937) 642-4986
vitamanager@caodmu.org
Service Area: Delaware, Madison, Union, Champaign, Logan, and Shelby Counties
Types of Assets Offered: Homeownership, Micro-Enterprise, Education

CAP of Greater Dayton
Vicki Rish
719 South Main Street
Dayton, Ohio 45402
(937) 341-5000 Ext.182
vicki.rish@cap-dayton.org
Service Area: Montgomery County
Types of Assets Offered: Homeownership


Cleveland Housing Network (Lease Purchase)
Dana Arrington
2999 Payne Avenue, Suite 306
Cleveland, Ohio 44114
(216) 774-2402
darrington@chnnet.com
Service Area: Cleveland
Types of Assets Offered: Lease to Purchase Homeownership



East Columbus Development Company, Inc.
Bernita Gatewood
240 North Champion Street, Suite 115
Columbus, Ohio 43203
(614) 372-0884
bgatewood.ecdc@att.net
Service Area: Franklin County
Types of Assets Offered: Homeownership, Micro-Enterprise, Education

HHWP-CAC
Ashley Woodard
122 Jefferson Street
Findlay, Ohio 45840
(419) 423-3755 Ext. 215
awoodard@hhwpcac.com
Service Area: Hancock, Hardin, Wyandot and Putnam Counties
Types of Assets Offered: Homeownership, Micro-Enterprise, Education

Impact Community Action
Jarod Taylor
700 Bryden Road
Columbus, Ohio 43215
(614) 453-1704
jtaylor@impactca.org
Service Area: Franklin County
Types of Assets Offered: Youth Education

New Path Inc.
William Lutz
7695 S. County Road 25A
Tipp City, Ohio 45371
(937) 669-1213
blutz@ginghamsburg.org
Service Area: Miami County
Types of Assets Offered: Homeownership, Micro-Enterprise, Education


Northwest Ohio Development Agency
Barbara Derden
525 Jefferson Avenue
Toledo, Ohio 43604
(419) 243-3734 Ext. 144
bderden@nodatoledo.org
Service Area: Lucas County
Types of Assets Offered: Homeownership, Micro-Enterprise, Education

Ohio State University Extension
Susan Colbert
C/O Schoenbaum Family Center
175 East Seventh Street
Columbus, Ohio 43201
(614) 247-1983
colbert.22@osu.edu
Service Area: Franklin County/University District
Types of Assets Offered: Homeownership, Micro-Enterprise, Education

SELF
Jerry Brown
1790 South Erie Highway
Hamilton, Ohio 45012
(513) 820-5023 Ext. 222
jbrown@selfhelps.org
Service Area: Butler County
Types of Assets Offered: Homeownership, Micro-Enterprise, Education

Working in Neighborhoods
Hope E. Wilson
1814 Dremen Avenue
Cincinnati, Ohio 45223
(513) 541-4109 Ext. 132
hwilson@wincincy.org
Service Area: Hamilton, Clermont, Butler, and Warren Counties
Types of Assets Offered: Homeownership & Education

Don't see a site for your area? Check out IDA Resources to locate a project near you, or contact any non-profit organization like your local community development corporation or community action agency and ask them to start an IDA program through the Ohio CDC Association. Just have them contact us if they want more information!