Individual Development Account (IDA) Program - Alaska

What is the Alaska IDA Program? It’s a statewide program, funded by the MIG grant that enables low-income Alaskans to accumulate assets and escape the cycle of poverty permanently. It targets people who have the most barriers to savings, through a matched savings account program and a pooled account program which matches up to $1 million. The details of this program are available for download and could be a useful resource for other states looking to develop similar MIG programs.