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Lewes, Delaware
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November 8, 2002     Cape Gazette
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November 8, 2002

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80 - CAPE GAZETTE, Friday, Nov. 8 - Nov. 14, 2002 Asset.building program celebrates success with IDA accounts Since its start in October 2001, Delawareans Save! has provided approximately 100 matched sav- ings accounts. All IDA account holders deposit at least $25 per month and earn at least $1 for This fall, the Delawareans Save! Individual Development Account (IDA) collaborative cele- brates its first year of helping build assets and wealth among lower income Delawareans. every dollar they save. Savers may earn matching funds of up to $1,500 per individual or $3,000 per household through their IDA accotmts. Savers use their IDA accounts to reach asset-building goals: homeownership, small business growth or start-up, or continuing education for themselves or a family member. At the same time, Delawareans Save! partners offer financial fit- ness training on how to save and manage hard earned dollars. Pro- gram sites throughout the state of- fer one-on-one counseling and workshops on credit, saving, banking and other topics. "The Delawareans Save! pro- gram has assisted people to save toward assets that will build more assets," said Lisa Spellman, pro- gram manager of asset building for the First State Community Loan Fund, the Delawareans Save! lead agency. "By tracking monthly expendi- tures, our savers are able to see where they can eliminate or re- duce costs and reallocate those dollars toward savings." The first IDA saver to reach her savings goal used her IDA ac- count fund to purchase a home in the city of Wilmington. Several other savers have also reached their goals and are look- ing forward to purchasing their assets. Tammy Pucker used her IDA account to save for home- ownership and hopes to purchase a home this winter. "I can't think of anything better," Pucker said. 'q'his year it looks like my dreams came true." Funding for Delawareans Save! comes from Deutsche Bank Trust Company Delaware, Discover Bank, Citigroup, JP Morgan Chase and the Delaware State Housing Authority, and from a $500,000 grant from the U.S. De- partment of Health and Human Services, as well as foundations and financial institutions. For more information, contact Delawareans Save! at 800-652- 4779 or visit online at www. Submitted photo Placemats educate diners about ozone Louis Acevedo, owner of Cafe Milano restaurants in Har- rington and Greenwood, helped get the word out about harmful, human-made ground.level ozone by agreeing to use Ozone Action placemats in his businesses. More than 128,000 free placemats were distributed to restaurants, schools, hospitals and workplaces as part of a statewide placemat campaign to educate the public about ground-level ozone. The campaign was sponsored by the Dover/Kent County Metropolitan Planning Organization (MPO), Delaware De- partment of Natural Resources and Environmental Control, Delaware Health and Social Services Division of Public Health, Delaware Transit Corporation and the Transporta- tion Management Association of Delaware - all members of the Ozone Action Partnership of Delaware. "My good friend and customer, Len Coryell [MPO Public Advisory Committee Chairman] asked me to help out, and I thought it was a good idea," said Acevedo, Other businesses that supported the campaign were the Woodings Beach Deli in Lewes, Rusty Rudder in Dewey Beach and Jennfer's, People's, Hardees and Wendy's in Har- rington. Shown is Acevedo preparing a meal. car Finished loft 2 zone A/C Call Wayne Mitchell or Eileen Tenly at 226-8565 or 226-5590