Family Development Account Tax Credit Program

Community-based organizations can access financing to administer a family Development Account project to help low-income residents participate in matched savings programs. These savings programs will help families in your community pay for school, purchase a new house, make home improvements, or start up a small business.

Plans are underway to open the Family Development Account (FDA) for FY2022 after a temporary suspension of the program during FY2021 due to the fiscal impact of COVID-19.  The program cycle could open, with the release of a new application and guidelines, as early as summer 2021.   While the cycle will be opening later than usual, we are working to provide you with a more customer friendly application, a faster and more efficient review process, and a data-driven method that will maximize the impact of the programs for our communities.  To be added to the email notification for the upcoming cycle, click here.

Upload Program Documents

Upload Program Application(s) and Documents

The FTP is a file system that allows you to send large documents that are too big to go through email. Sending documents through FTP can also help you save space in your inbox!

To upload a file to the Finance FTP, please click the following link and enter the username and password provided below: 

Password: BCSformupload2020

Need help? Click here.

A notification email confirming receipt will be sent to the email address listed in the application within 3 business days.

The original Application and attachments should be mailed to the address below:
Department of Economic Development
PO Box 118
Jefferson City, MO 65102

Eligibility requirements: 

A community-based organization formed under Chapter 352, RSMo or any non-profit corporation formed under Chapter 355, RSMo.

The Department of Economic Development (DED) issues state tax credits to an eligible taxpayer who donates money to an organization approved to administer a Family Development Account (FDA) project.

Organizations approved to administer a Family Development Account project recruit low-income Missourians to participate in a matched savings program to help pay for:

  • Education at an accredited institution of higher learning;
  • Purchase of a primary residence;
  • Major repairs or improvements to a primary residence; or
  • Start-up capitalization of a small business.

Application Process

Program News

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