Individual Development Account Initiative
Here are just a few examples of the success that IDA Account Holders in Connecticut have had building their assets. Congratulations to
the Participants in the programs and to the agencies and staff that operate IDA programs in our communities!
CRT, Hartford, Connecticut
Lucas Bensa, the father of two, joined the IDA Program at CRT in
Hartford in 2013. He
successfully saved for post-secondary education for his
found the financial education and asset-specific training that
all IDA participants are required to attend to be very useful:
“My experience with the Individual Development Account (IDA)
Program was very good and I would recommend it.
I learned from both the Program Coordinators and from
other participants about effective and best ways to save money
for future use. I
also learned various ways to prepare for a mortgage and how to
purchase a house.
Moreover, I was educated on what to look for when buying a used
car. Finally, my 529
College Savings Plan goal was a success.
The IDA program enabled me to research and gain insight
to successfully open a CT CHET 529 College Fund for my
New Britain, Connecticut
Cousins entered the IDA Program at HRA in New Britain in 2014.
By June 2015, Shari had reached her savings goal, was
matched, and was able to pay the first and last month’s rent
toward a new apartment.
She is now working full time at a job she enjoys.
"I lost my
job and was only able to find temporary part-time work which
caused me to use up all of my savings to survive. Thanks to my
participation in the IDA program and the financial workshops, I
was able to develop a realistic financial plan that allowed me
to recover from financial hardship and stay focused on my goal
to save enough towards first and last month's rent for new
apartment. I am extremely grateful that the IDA program and
financial planning workshops were available during a very
difficult time in my life and recommend it to anyone who is
willing to do the work needed to achieve their financial and
Shari, West Hartford