Family Development Account Tax Credit Program

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. 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. The Department of Economic Development is now accepting applications for the FY2026 cycle of the Family Development Account (FDA) program. Applications are accepted on an open cycle through April 30, 2026, or until all tax credits have been exhausted. The online application can be accessed at this link . To prepare for this application, please gather the following information and documents listed below. Organization FEIN (Federal Employer Identification Number) Organization NAICS Organization E-Verify MOU (see the FDA Guidelines for more information) Organization Articles of Incorporation (and Bylaws if applicable) Organization 501(c)(3) IRS letter (if designated as a 501(c)(3)) FDA Application Certification (Download also available from the Attachments section of the application) Document Submission To submit program documents, please upload files to the Community Finance Box Account. If you have any programmatic questions, please contact us at 573-522-9062 or [email protected] . To submit a physical copy, please mail to: Missouri Department of Economic Development Business and Community Solutions Box 118 Jefferson City, Missouri 65102-0118

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.