Fostering Low-Income Homeownership: A Longitudinal Randomized Experiment on Individual Development Accounts

This presentation was given by researchers at the University of North Carolina Chapel Hill and the Center for Social Development at the Eleventh Annual Welfare Research and Evaluation Conference that is sponsored through the U.S. Department of Health and Human Services, Administration for Children and Families, Office of Planning, Research, and Evaluation. The research questions included: 1. Does IDA program participation affect clearing old debts as preparation for applying for a home loan? and 2. Does IDA program participation affect rates of homeownership among those who enter the program as renters? Among the findings, IDAs appear to be effective in helping low-income families save for a home.