ASSETS FOR INDEPENDENCE
INDIVIDUAL DEVELOPMENT ACCOUNT (I.D.A.) PROGRAM
Program Coordinator ~ Gregg Jones
Phone: 719.385.7910 E-mail: gregg@ppcaa.org
Norvell Simpson Center, 925 s. Institute Ave. Colorado Springs, CO 80903
Let us help you buy your first home, start or expand your small business, or complete your post-secondary education.
Assets: Home Purchase, Business, Post-Secondary Education
- Time Period – 6 months up to 3 years.
- Save Funds
- Participants can deposit $25.00 to $100.00 per month
- PPCAA sends checks for purchases directly to venders or institutions
Requirements:
● $50.00 non-refundable application / enrollment fee
● Attend a mandatory orientation (Offered 2nd Thursday of every month, 1-2PM, except December)
● Meet income guidelines (at or below 200% of the federal poverty level)
● Have an earned income
● Attend asset specific training:
Homebuyers’ workshop
Business class
Meet with a financial aid guidance counselor
● Open a savings account at Ent Federal Credit Union (under PPCAA)
