@article {Delgadillo:2015:1082-1651:18,
title = "Using Individual Development Accounts (IDAs) To Sustain Homeownership and Foster Financial Skills, Practices, and Self-Efficacy",
journal = "Journal of Family & Consumer Sciences",
parent_itemid = "infobike://aafcs/jfcs",
publishercode ="aafcs",
year = "2015",
volume = "107",
number = "3",
publication date ="2015-09-04T00:00:00",
pages = "18-26",
itemtype = "ARTICLE",
issn = "1082-1651",
eissn = "2331-5369",
url = "https://www.ingentaconnect.com/content/aafcs/jfcs/2015/00000107/00000003/art00005",
author = "Delgadillo, Lucy M.",
abstract = "Now, more than ever, saving for a down payment and the sustainability of homeownership are crucial. This study presents data on an effective savings program for low-income individuals and familiesIndividual Development Accounts (IDA). In this study, 93% of the participants in
the intervention program reported making their mortgage payment without any difficulty, and 98% said that after paying their mortgage, they had enough money left for other non-shelter necessities. The study also showed statistical differences in financial skills and efficacy when IDA participants
were compared to a control group. The IDA group felt much more confident in their financial skills than did the control group and was more likely to set and achieve their financial goals.",
}