| 7004-9317 |
For a pilot program to establish a statewide Individual Development Account (IDA) program, so-called, for households in state-subsidized housing, as defined by the department, for more than three years; provided, that funds may be awarded to community-based organizations to establish 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 funds may be used to secure federal asset building program funds; and provided further, that the department shall develop program guidelines to carry out the provisions of this item |
0 |
500,000 |
