Applications Available for New Haven $AVE$

Empower New Haven, Inc. is accepting applications for the New Haven $.A.V.E.S. Initiative.

New Haven $.A.V.E.$. is an Individual Development Account (IDA) Initiative geared to Support Asset Ventures for Economic Security within low income families in New Haven. Participants may save for the purchases of a home, small business, or post secondary education or training. Financial education, asset specific training, and individual financial counseling are major components and requirements of this Initiative.

Participants in this IDA Initiative will be matched $2 for every $1 saved. Households are allowed to have two (2) qualified IDA participants who save a total match amount of up to $8,000. Only one (1) IDA of up to a total match amount of $4,000 is permitted per individual. (i.e. one (1) participant may save $2,000 for an ENH match of $4,000, for a total of $6,000 for an asset purchase; two (2) participants of the same household can each save up to $4,000 for a match of $8,000 from ENH which would give a total of $12,000 for an asset purchase.)

 Applications for the New Haven $.A.V.E.$. Initiative are available online at www.empowernewhaven.org, at the offices of Empower New Haven, Inc. or by mail. Contact JaConna Sowell if you have any further questions at Empower New Haven, Inc. 203-776-2777

Click on the play arrow below to view a video excerpt from a mother and daughter who are New Haven $AVE$ participants:

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