FYI Wayne Metros Michigan $AVE$ Individual Development Account (IDA) Program helps people with limited income to save money and build financial assets. The Michigan $AVE$ IDA Program matches client savings to assist them with the purchase of a home, opportunity to start or expand a small business, or pursue higher education. The Michigan $AVE$ IDA Program is designed to help families with children who are willing to commit to saving money every month for at least 6 months. To be eligible, the participant much be employed and must have been employed for the past 12 months. IDA clients must also be willing to address their credit issues, complete training on homeownership or micro-business development and financial planning. Financial Planning - An educational program that helps you manage your money, develop a personal savings and budget plan, manage and repair your credit, and avoid predatory lending. Homeownership - Every $1 you save in your Michigan $AVE$ IDA account is matched up to $3. You can save $1,000 in an IDA account for a down payment on a first home and receive up to $3,000 in matching funds for a total of $4,000 in homeownership funds. Small Business/Education - Every $1 saved in your Michigan $AVE$ IDA account is matched up to $2. You can save $1,000 in a Michigan $AVE$ IDA for capital investment and will receive up to $2,000 in matching funds for a total of $3,000 in business ownership funds or funds for educational expenses. For more information please contact: Wayne Metro C.A.A. Main Service Office 2121 Biddle, Suite 102 Wyandotte, MI 48192 734-284-6999
Posted on: Wed, 06 Nov 2013 23:56:40 +0000
Trending Topics
Recently Viewed Topics
© 2015