State funds will be appropriated for program administration at the state level, but no matching funds from the State will be appropriated. TANF participants qualify under the income rules, however, currently no TANF funds have been allocated for match funds. However, the State implemented a three year pilot IDA program, by administrative rule, for a jobs program initiative, using state general funds for matches, in 1999. Even though state funds are being used, participants must qualify under TANF regulations, and be the parent of a child who has received or was eligible to receive welfare prior to their beginning work, and they must have been employed for at least three months. Savings can be used for homownership, starting a small business, or continuing training or education.
Financial education is required for all program participants.
As of September 2000 there are almost 50 participants in the program. If the program is seen to be successful at evaluation, it may be used as a model for a statewide initiative. The Center for Social Development at Washington University is assisting with a program evaluation. For more information on the program call Gina Gunn at the number listed below.