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Individual Development Accounts (IDA)

The Individual Development Account (IDA) Program is an asset development program that assists low-moderate income individuals and families in breaking trends of generational poverty, improving their quality of life, and attaining self-sufficiency through matched savings incentive, education, and building personal financial skills. IDA was established in 1997 through Indiana State legislation (I.C. 4-4-28) and is currently fully State-funded. IDA is administered locally by non-profit community-based organizations with oversight by IHCDA.

In conjunction with the conventional IDA Program, IHCDA also oversees the IDA Tax Credit Program, which assists IDA program administrators in supplementing their IDA Program slots by providing them with Indiana Tax Credits to use as a fundraising tool to incentivize increased donor contributions to finance additional IDA accounts.

To learn more about IDA, click on the “What is IDA?” section below. To find a local IDA administrator near you, click on the “Find your Local IDA Administrator” section.

ANNOUNCEMENTS

2025 IDA & IDA Tax Credit Administrator Application and Award Timeline

The 2025 IDA & IDA Tax Credit administrator application opens on Thursday, May 29, 2025. The application can be completed through SurveyMonkey HERE
The application will close on Thursday, June 19, 2025. If you would like to review the questions in advance, click HERE.

Announcement of preliminary award recommendations is tentatively planned for early to mid-July 2025. All applicable communications will be sent to the email address(es) listed in the applications.

Program Applications, Policies, and Forms

IDA 2023

IDA022

IDA021

IDA020

IDA019

IDA018

Reference Materials

IDA Guidance

IDA Required Documents

Other IDA Resources

2022 IDA Tax Credits

2021 IDA Tax Credits

2020 IDA Tax Credits