Financial Capability
The Economic Wellbeing Team’s Financial Capability Program at the IRC in Salt Lake City provides personal financial coaching and planning to help our clients secure their financial future.
We do that by working with our clients individually, one-on-one.
We set smart financial goals and work with our clients closely to ensure that they stay on track to achieve the goals they have set.
You can find more details below.
Financial Capability Programs
Individual Development Assistance (IDA)
The IDA program teaches refugees how to save for major purchases, such as a car or home, while providing a cash match to their earned income savings.
Down Payment Assistance (DPA):
DPA is a grant or conditional loan that can be applied to the up front costs of purchasing a home. Agencies in Salt Lake County occasionally have DPA funds available for qualified home buyers.
Volunteer Income Tax Assistance (VITA):
The Volunteer Income Tax Assistance (VITA) program is an IRS and community-sponsored program designed to assist low to moderate income taxpayers with the preparation of their annual tax returns at no cost.
Loans & Grants:
The Financial Capability Team offers personal loans to qualifying individuals for these types of personal loans: Auto, Auto Refinance, Covid Resilience, Credit-Building, Education & Training Loans, Fee-Based (zero interest), Immigration, and Personal loans. Grants are offered as part of Matched Savings programs.
Please contact us if you have additional questions or if you are interested in the services we provide.