Family Development Account (FDA)

A Family Development Account, or FDA, is a savings account with a match. For every dollar saved, the FDA Coalition matches four additional dollars.

Current Savings Goals

• Starting or expanding a small business.
• Buying a home.

Eligibility Notes

• Earned income from a job or self-employment is required.
• Social Security, disability, and child support do not count as earned income.
• Household income must be below 200% of the federal poverty line.

Penquis/MaineStream is the administrative body for the statewide Family Development Account program and FDA Coalition.