ABCD’s Asset Development Program helps low-income households permanently escape poverty by building assets through home ownership, savings, higher education and entrepreneurship.

This initiative currently includes an Individual Development Account (IDA) program with matched savings accounts to help low-income workers save for and purchase a home. More than 50 persons signed up for a 30-person IDA workshop series recently, demonstrating the huge demand for this program.

ABCD Asset Development has also developed an agency-wide approach to Financial Literacy Education for consumers of ABCD services. Along with IDAs, the program will include Life Long Learning Accounts (LiLAs), the Earned Income Tax Credit (EITC) program, and access to credit counseling, foreclosure prevention counseling, first-time homebuyer services and other specialized programs.

For additional information on ABCD's Asset Development Program, please contact:

Vernette Allen
617.348.6580
allen@bostonabcd.org