American Dream Demonstration

During its tenure, the ADD program demonstrated through 2,377 accounts, that IDAs can be delivered effectively by a wide range of community organizations and financial institutions.

The ADD initiative was evaluated by eight different research methods including implementation assessment, participant case studies, cross sectional-survey, monitoring, in-depth interviews, cost analysis, experimental impact evaluation and assessment of community effects.

Incomes averaged $9,843 for a single person and $16,687 for a family of three—116% of the federal poverty level.

[5] ADD’s delivery of significant data propelled federal and state governments to implement additional IDA policies.

Currently, a federal legislation is in the works that would reach nearly hundreds of thousands and potentially millions of accountholders.