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Families receiving TCA may save earned income to purchase a first home, pay for college, or start a business in accordance with section 404(h)(4) of the PRWORA and section 445.051(12), F.S., using Individual Development Accounts (IDAs). LWDBs have the option to implement the program and match IDA contributions with the TANF block grant and other funds. Eligible participants may deposit earned income in savings accounts while receiving TCA or transitional services. The IDA matches the deposited funds according to the program’s established match ratio. Additional information about program definitions, contribution requirements, use of funds, withdrawal of funds, dispute resolution related to fund withdrawal, establishment of IDA with financial institutions and other requirements, may be found in the WT IDA guidance.

027 Guidance-Individual Development Accounts (IDA)