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Press/Media Contacts

Martha Wunderli, UIDAN Statewide Director
(801) 656-1610
martha@faircredit.org

Preston Cochrane, President and CEO
(801) 656-1600
preston@faircredit.org

IDA & Asset-Building News

For Jobless With Dreams, IDAs Offer Small Boost
June 1, 2010 -- At a time when many people short on income are calling on their inner entrepreneurs, some start-ups are finding relief in a little-known resource—individual development accounts.
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Weathering the Storm: Have IDAs Helped Low-Income Homebuyers Avoid Foreclosure?
April 2010 -- New research conducted by CFED in and Urban Institute, released today, substantiates the claim that if affordable homeownership is done right – that is, with savings, financial education and equity rather than just debt – low-income and minority individuals can be successful homeowners.
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CBS News Highlights IDA Accounts and CFED
March 24, 2010 -- Just under 70 percent of American families own their homes. But it can be awfully tough for many working Americans who live paycheck-to-paycheck to save enough for that all-important down payment. That's where a network of local programs comes in — to help people learn how to save and give them a boost toward their goal.
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EARN Research Brief: What Motivates Low Income Earners to Save Money?
January 2010 -- The purpose of this research brief is to answer the following question: what motivates low income earners to start saving money and to continue savings behavior over time?
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IDA-PAYS: A Missing Piece of the Access Problem
September 19, 2009 -- The Center for Higher Education Policy Analysis (CHEPA) at the University of Southern California conducted a three-year study on the potential and challenges of Individual Development Accounts (IDAs) to help low-income students obtain access and be successful in college.
More Info About the Project

Free Money?
November 20, 2008 -- ABC4 Utah reports on Utah Individual development accounts.
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Learning How To Save Money
November 13, 2008, CBS News -- In 2007, Americans saved, on average, less than 1% of their incomes. IDAs are helping thousands of people re-learn the art of saving.
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Program Aims to Help Low-Wage Working Families Build Assets
September 3, 2008, Salt Lake City, UT -- If someone supporting a family of four on about $35,000 a year can manage to save a big chunk of income, what's stopping the rest of us from saving more?
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Saving for Microenterprise Development
Recognizing that, a number of microenterprise development programs are offering clients an opportunity to participate in an Individual Development Account (IDA), a matched savings account that can be tapped for a variety of purposes, including purchasing business assets.
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Individual Development Accounts May Aid Small Business Owners
In today’s uncertain economic times, more and more American families are struggling to make ends meet while attempting to live the American Dream. There are some great programs available to assist families in this endeavor. Today, I want to talk to you about one of these programs—Individual Development Accounts (IDAs).
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Affordable Homeownership Done Right
Of the 1,212 IDA savers who purchased a home in the past five years, programs estimated that the majority were able to get conventional, fixed-rate mortgages. In addition, there were only three defaults and four foreclosures reported.
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Help for the home
March 16, 2008, Salt Lake City, UT – Low-to-moderate-income people eager to own a house have assistance options.
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FDIC Report Highlights Business Case for Banks to Offer Individual Development Accounts
According to a report issued today in a new FDIC publication, the FDIC Quarterly, the strategy of offering Individual Development Accounts (IDAs) is showing promise as a means of attracting the banking business of low- and moderate-income households.
View Article Here and the Full Report Here

BYU Single Mom Initiative UIDAN Report
In January 2007 the Brigham Young University Single Mom Initiative (SMI) partnered with the Utah Individual Development Account Network (UIDAN) to conduct a qualitative research project. The purpose of the UIDAN—SMI project is to explore the impact of the UIDAN program on its participants.
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Utah Individual Development Account Network Introduces Real Estate Council
June 11, 2007, Salt Lake City, UT – AAA Fair Credit Foundation, home of the Utah Individual Development Account Network (UIDAN), is pleased to invite real estate professionals to participate in an exciting new opportunity to become a member of the UIDAN Real Estate Council.
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Savings program leads to home owners
Davis County Clipper - Fri, May 25, 2007 - There’s nothing new about saving for a home. But the Utah Individual Development Account Network (UIDAN) makes it a lot easier for lower income folks who may believe home ownership is an impossibility.
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Help sought for Utahns living on the edge
Deseret News - Fri, May 18, 2007 - Several organizations, including UIDAN, brief a Utah legislative committee on programs helping low- to moderate-income Utah families.
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WhatMomWants will donate to help women
Deseret News - Fri, April 20, 2007 - Web site donates part of proceeds to UIDAN progam.
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Local Agency Receives Grant to Bring Economic Prosperity to More Utahns
AAA Fair Credit Foundation announces that it has received a $75,000 to support its UIDAN from The Daniels Fund.
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Program Will Help Finance Homes.
Ogden Standard-Examiner article from January 12, 2007 highlighting UIDAN.
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Single Mom Initiative Field Study
Winter semester BYU students will work with Utah's Individual Development Account Network (UIDAN).
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Growing a Middle Class - Lawmakers are promoting financial stability and success for working families.
Article highlighting programs including UIDAN that are emerging in America.
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