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| Account | Description | FY2009 GAA |
FY2009 Total Spending |
|---|---|---|---|
| 7004-9317 | Individual Development Account Program For the Individual Development Account (IDA) 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 IDA programs; provided further, that funds may be used for administrative costs to operate an IDA 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 IDA guidelines pursuant to 42 USC 604; and provided further, that funds may be used to secure federal asset building programs funds |
700,000 | 700,000 |
| SPENDING CATEGORY |
FY2005 Expended |
FY2006 Expended |
FY2007 Expended |
FY2008 Expended |
FY2009 GAA |
FY2009 Budget Reductions |
|---|---|---|---|---|---|---|
| Grants & Subsidies | 0 | 0 | 500 | 587 | 700 | 0 |
| TOTAL | 0 | 0 | 500 | 587 | 700 | 0 |
FY2009 Spending Category Chart
