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.
We are now accepting applications for the FY2023 cycle of the Family Development Account (FDA) program. Applications are accepted on an open cycle until all tax credits have been exhausted. Awards will be made on a first received, first awarded basis, assuming all program and minimum score requirements are met.
To be added to the email notification for upcoming cycles and program news, 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:
Username: ded.finance
Password: BCSformupload2022
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
A community-based organization formed under Chapter 352, RSMo or any non-profit corporation formed under Chapter 355, RSMo.
ELIGIBILITY CRITERIA:
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.
