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7004-9317 - Individual Development Account Program
| Account | Description | FY2009 GAA |
FY2010 House 1 |
|---|---|---|---|
| 7004-9317 | Individual Development Account Program For the individual development account program; provided, that households residing in state-subsidized housing, as defined by the department, shall receive preference for enrollment in the program; provided further, that funds may be awarded to community-based organizations to establish or support local programs; provided further, that funds may be used for administrative costs to operate a program for financial literacy and asset-specific training and as a match for program participant savings for qualified acquisition costs with respect to a qualified principal residence for a qualified first-time homebuyer, as defined by the department; provided further, that the department may determine other qualified match uses consistent with the guidelines established in federal guidelines under 42 U.S.C. 604; and provided further, that funds may be used to secure federal asset building program funds |
700,000 | 339,800 |
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