About the IDA Collaborative of Louisiana

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Individual Development Accounts (IDAs) are matched savings accounts that encourage low-income families to save money, gain financial skills, and build wealth through the purchase of assets. Assets, as well as steady income, are necessary for low-income families to break the cycle of poverty and achieve self-sufficiency. By investing in an asset, people ensure security in their future.

The Individual Development Account Collaborative of Louisiana (IDACL) consists of educational and financial institutions, community and faith-based organizations, workforce organizations, other social service providers, and public agencies working to help lowincome families create wealth by attaining assets like a home, higher education, or a small business. The Levy-Rosenblum Institute for Entrepreneurship at the A.B. Freeman School of Business, Tulane University, coordinates the overall program under the National Center for Urban Community at Tulane and Xavier Universities.

The Collaborative matches a family's savings toward the purchase of a first home, financing post-secondary education, or funding a business. In addition, participants receive training in money management, budgeting, and credit building by organizations that partner with the Collaborative to provide these services throughout the state of Louisiana.

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