The Personal Investment Enterprise's (PIE) mission is to provide tools and incentives that empower low-income individuals and families to save and build assets to strengthen their economic stability. PIE is independently managed by Foothills United Way as the fiscal agent and Boulder County Community Action Program as the program coordinator. Asset building is an emerging and promising approach to alleviating poverty and promoting self-sufficiency for families throughout the United States.
PIE Program participants open Individual Development Accounts (IDAs), which are matched savings accounts, designed to help working, low-income families and individuals save money exclusively for the home ownership, post-secondary education, and small business capitalization program. PIE is the only IDA program in Boulder and Broomfield counties and one of only three in Colorado.
The program provides a maximum match of $4,000 toward the asset purchase of each program participant. Participants in the program must save in the IDA/PIE Program for at least 6 months and may stay up to 30 months. During that time participants save a minimum of $33 per month, which must come from earned income. The savings are matched 4:1 up to $1,000 (with a $4,000 match). Participants also attend a series of 4 financial literacy classes and then an asset specific class related to their purchase goal.
To apply or to learn more about becoming a PIE participant, Click here to link to the Boulder County Community Action Program.