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The Road to Independence for KY Domestic Violence Survivors

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Wednesday, December 23, 2009   

FRANKFORT, Ky. - It can be tough for domestic violence survivors to get their lives back in order if they lack reliable transportation. In Kentucky, however, they can now take matters into their own hands.

The Kentucky Domestic Violence Association is launching a "Car Individual Development Account" (IDA) program. The program is funded by the Allstate Foundation, which has supported IDA programs for four years. Other IDA programs help people buy homes, go back to school and start businesses. Mary O'Doherty, director of the Association's Economic Empowerment Project, says the new "Car IDA" matches a person's savings - dollar for dollar - to purchase a vehicle.

"If the thing that's standing between the survivor and financial independence is her need for a job, then we want to make sure she has transportation to a job."

O'Doherty says those who get involved and save $2,000 over the course of two years will have that money matched, giving them a total of $4,000 to buy a vehicle outright, or to use for a down payment. To be eligible, participants have to be in a household with income that is less than twice the poverty level - just over $44,000 a year for a family of four - and must agree to deposit at least $20 a month into their account.

O'Doherty says the Car IDA is not a free ride. It also calls for the account-holders to learn how to handle their money.

"They have to participate in one-on-one credit counseling. They'll be expected to spend the next year or two working on improving their credit score."

The Allstate Foundation makes the dollar matching possible, O'Doherty explains.

"The women are going to be saving $2,000 over the course of a year or two; $1,000 of that money will be theirs, and $1,000 of it will have come from Allstate."

More information is available by calling the Kentucky Domestic Violence Association, 502-209-5382.




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