Topic - Funding Mechanisms

A variety of financial strategies and tools are available to help low-income and underserved populations build wealth, attain financial security and economic self-sufficiency, and become homeowners. These include no- or low-fee banking services; personal credit programs; the Earned Income Tax Credit (EITC), which is a refundable tax credit that transfers additional income to underserved populations; and Industrial Development Authorities (IDAs), which are designed to help low-income families save and accumulate financial assets.