Individual Development Accounts (IDA)

Matched savings programs that help low-moderate income people learn how to manage and save money to purchase specific assets.

Workshops beginning soon!

Rolling applications

To learn more and to schedule an appointment, email David McGhee.

Location:
35 Oak Street
New Britain, CT

Office Hours:
Monday – Thursday
8:30 am – 4:30 pm

Federal IDA Accounts:

  • Help you save for a degree or job training, your first home, or your own business
  • Will match $8 for every $1 you save towards your goal

State of Connecticut IDA Accounts:

  • Help you save for a degree or job training, your first home, your own business, your child's education (529 plan), a deposit on a rental apartment, or a car (if needed for employment)
  • Will match $2 for every $1 you save towards your goal

These services are free of charge to those who meet the eligibility requirements. All information is strictly confidential.

 

2016 Participants Saved & Purchased
20 became 1st time homeowners
4 added savings to CHET accounts
49 continued their education
2 got a car to go to work
2 put down a security deposit on an apartment
2 purchased a small business

 

FINANCIAL LESSONS LEARNED EARLY

3 SISTERS EARN THEIR COLLEGE & CAREER EDUCATION WITH IDA

3 SISTERS BREAK POVERTY CYCLE

 

 

 

 


Contact Information

Marlo Greponne, Director
David McGhee, Asset Management Coordinator

Phone:
Fax:

(860) 826.2278
(860) 832.8493

 

 

Program funded by the U.S. Department of Administration for Children and Families/Assets for Independence, the Connecticut State Department of Labor, the American Savings Foundation, and United Way of Central and Northeastern Connecticut.
Human Resources Agency of New Britain

180 Clinton Street
New Britain, CT, 06053
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Phone: (860) 225.8601
Fax: (860) 225.4843

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Regional Locations:

85 West Main Street
Meriden, CT
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37 Marne Street
Hamden, CT
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560 E.T. Grasso Boulevard
New Haven, CT
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55 South Street
Bristol, CT
(860) 584-2725
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New Britain Locations:

57 Arch Street
(860) 826.4482
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336 Arch Street
(860) 225.1084
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83 Whiting Street
(860) 826.4741
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58 Scarlett Drive
(860) 826.6991
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18 Armistice Street
(860) 826.2282
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55 Broad Street
(860) 612.1784
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35 Oak Street
(860) 826.4676
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