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HVRP Factsheet #7: Asset Building: A Hand Up Out of Poverty for Homeless Veterans

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Asset-building is an anti-poverty strategy that helps low-income people move toward greater self-sufficiency by accumulating savings - and purchasing long-term assets. For homeless veterans, asset-building can greatly increase the motivation to seek and retain
employment.

The Assets for Independence Program is a Federal program that provides funding to organizations offering Individual Development Accounts (IDAs) to enable low-income individuals and families to save toward the purchase of a first home, enrolling in an educational or training program, or starting a small business. Each dollar that the participant saves is matched by up to $8 from federal, state, local, and private funds.