One visionary way United Way of King County is ending homelessness is to move people out of poverty and reduce the risk for becoming homeless in the first place through its Individual Development Account (IDA) program, a matched savings plan. A person who qualifies becomes an 'investor,' building savings to put a down payment on a home, start a small business or continue an education. Investors commit to saving a specific amount each month; every dollar saved is matched with three.

Investors are required to attend classes to increase financial skills, giving them the tools for success in the future. Soon-to-be homeowners learn how to avoid predatory lenders and conduct upkeep and repairs on their new home; future business owners devise a business plan; and those seeking schooling plot a career path. Through December 31, 2007, 850 IDA investors have opened accounts. Of that number, 128 investors have purchased homes, 43 investors are paying for a college education and 85 investors have started small businesses.

In 2006, United Way's IDA program began assisting Foster Youth with IDA accounts. Since the program's inception, 50 participants have enrolled and seven foster youth investors have made purchases to reduce their chances of becoming homeless.

Learn more about program eligibility >>