Over 34% of adults with disabilities live in households with total income of $15,000 or less, compared to only 12% of those without disabilities. Among people with disabilities who are working, income levels are well below those without disabilities. Individuals who receive the maximum amount of monthly SSI disability benefits still hover slightly below the Federal Poverty Income Level, often leaving them only one sickness, one accident, or one divorce away from poverty. It has been shown with that for individuals with low incomes, accumulating assets through an IDA that can be used for housing, employment or post-secondary education could be a powerful tool to help people with disabilities move toward economic independence.
United Way is committed to economic security for all and works with community partners to ensure equal access to the benefits of participation in the IDA program. Community partners provide financial literacy, counseling on Social Security Benefits, employment resources, and technical assistance on accessing funds such as loans for vehicle modifications. The program includes sign language interpreters for people who were deaf, special services for individuals with disabilities who are homebound, and transportation for those with mobility limitations.
Participants can save up to $1000 and are matched 5:1. They are given up to 2 years to save.
Uses of IDA Funds: Persons with disabilities can use their match funds for homeownership, education or to purchase assistive technology.
To qualify:
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The families’ total household income (adjusted gross income, after taxes) cannot exceed 200% of the Federal Poverty Level (FPL). Your household includes all adults and children who live together and share expenses—related or unrelated.
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Must be a current resident of the 13-county United Way service area (refer to map)
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Must have a source of earned income
To find out the next orientation date and apply, contact the Center for Financial Independence and Innovation at 404.541.9005 or www.thecfii.org.
Our Partners:
The Center for Financial Independence and Innovation
The Shepherd Center
Georgia Department of Labor