An asset building program for Rural Entrepreneurs
W.K. Kellog Foundation and the Office of Community Services
- Homeownership Assistance
- Small Business Funds
- Post-Secondary Education Expense
If you are a low-income resident living in the Central Valley, please contact us for more information.
What do you get if you join?
- For every $1 you save, you will earn an additional $2.
- An individual can save $1,000 and earn a grant of $2,000 for a total of $3,000.
- A household can save $2,000 and earn a grant of $4,000 for a total of $6,000.
- Receive training in financial planning and credit management.
What are the participant guidelines?
- Must be a resident of: Fresno, Madera, Merced, Stanislaus, San Joaquin, or Sacramento County.
- Meet Federal Poverty Income Guidelines.
- Total net assets must not exceed$10,000 excluding primary residence and one automobile.
- Must have income from employment or a business.
- Must be able to save $100 per month.
What do you have to provide?
- Proof of earned income
- Copy of prior year’s tax return
- Copy of California driver’s license or California ID card
- Social Security cards for all household members
- An account with an opening deposit of $50
How can you find out more?
Make an appointment with the office below to learn more about the IDA program and to apply.
- Fresno – (559) 263-1067
- Merced – (209) 384-7384
- Stockton – (209) 463-3410
Eligible uses of funds include:
This includes the costs of acquiring a principal residence for a qualified first-time home-buyer.
Start, strengthen, or expand a small business
This includes capital, plant, equipment, working capital, and inventory expenses to capitalize a legal business with an approved business plan.
Post-Secondary Educational Expense
This category includes tuition, fees, books, supplies, and equipment
What do you have to do?
- Save $100 or more per month
- Attend workshops in financial planning and credit management
- Attend workshops specific to your asset goal
- Deposit money only at the designated financial institution
- Spend your savings and IDA grant funds on permissible uses established by the IDA program as indicated above.
DHHS Federal Poverty Guideline Table
For family units with more than 8 persons, add $6,960 for each additional person.
|Household Size ||Annual Earned Income |
| 1 || $20,420 |
| 2 || $27,380 |
| 3 || $34,340 |
| 4 || $41,300 |
| 5 || $48,260 |
| 6 || $55,220 |
| 7 || $62,180 |
| 8 || $69,140 |
Earned Income Definition:
- All salaries, wages, business income, dividends, interest income or other cash receipts for the previous 12 months.
- Participant, spouse, and all dependents on your tax return.
For more information, please contact: