Homeownership Program

family

Who Are We?

Asset Builders of Southwest Louisiana supports people wanting to become financially fit and to learn how to save to purchase a home. Services offered include a matched savings IDA account, monthly financial education classes, and one-on-one financial counseling services to improve the economic status of low income individuals and families.

With the Asset Builder's of SWLA Homeownership Program, every dollar YOU save is matched with $4! You could save up to $1,000 in your IDA account and receive up to $4,000 in Match money, giving you a total of $5,000 to invest in homeownership!

What are IDA Accounts?

IDAs are special savings account programs that create an incentive to develop a long term habit of saving for the purchase of an asset. IDAs provide an incentive to save by matching each dollar saved with a dollar (or more) to help your savings grow quickly.

money-house

Requirements

Income

  • Must have an EARNED INCOME of at least $20,000
  • Have an Adjusted Gross Income not in excess of 200% of the Federal Poverty Guideline Level  OR Eligible for the Earned Income Tax Credit Guidelines

Assets

  • Must have a net worth of less than $10,000 in Assets (Excluding One Vehicle)

Financial Literacy Classes

  • Must attend monthly one- hour class sessions presented by Asset Builder's Community Resource Partners.

Homebuyer Counseling

  • Must work closely with your desired Homebuyer Counseling Agency. Project Build a Future, Calcasieu Parish Police Jury Housing Agency, and Habitat for Humanity all provide information on money management skills and the process of buying a home.

IDA Savings Accounts

  • Must be committed to using your matched savings account to purchase a home
  • Must be willing and able to save at least $25 monthly

Our Partners

pbaf

Project Build a Future

"Building Hope by Building Homes"

337-439-7191

habitat-logo

Habitat for Humanity

"Making Dreams Come True"

337-497-0129

cppj

Calcasieu Parish Police Jury

Housing Counseling Agency

337-721-4030

united-way

United Way of SWLA

815 Ryan Street

Lake Charles, LA 70601

337-433-1088

ff

First Federal Bank of LA

1135 Lakeshore Dr.

Lake Charles, LA 70601

337-421-1115

jd-bank

Jeff Davis Bank

535 Kirby Street

Lake Charles, LA 70601

337-439-3545

calcasieu-logo-resized-100x100

Calcasieu Parish Public Trust Authority

1015 Pithon Street

Lake Charles, LA 70601

337-721-3507