Individual Services
Nogales Community Development recognizes the individual employee as the central asset of any business and invests directly to add value, one person at a time.
Individual Development Accounts
An Individual Development Accounts (IDA) is a special savings account where an individual can realize a 2:1 match on his/her contributions. For every dollar that they save, Nogales Community Development will match it with two dollars, up to a total of $4,000. The savings must be applied toward:
Purchasing a home
Starting a business
Post-secondary education
To be an IDA participant, one must complete 12 hours of financial literacy training and save at least $25/month for six months. Business candidates must complete a business plan, and first-time homebuyers have to take a class on homeownership.
Documents needed for enrollment in program:
Picture ID (driver’s license)
Social Security card
Proof of residence (utility bill, etc.)
Proof of citizenship or legal residency
Proof of income (last two months of pay stubs)
Most recent Federal Income Tax forms (signed form 1040)
Last two months of checking and saving account statements
Credit report (when applying for house or business)
Contact us.
For further information, please contact Nogales Community Development.
Luis Carlos David: Acclaimed Documentary Film Maker
Luis Carlos Davis always wanted to be a filmmaker. He had his undergraduate degree and was working on his Master’s degree in Latin American studies with a focus on media arts and journalism from the University of Arizona when he enrolled in NCD's IDA program. He used his IDA savings to study film through the New York Film Academy in Oxford, England.
He completed his Master’s degree and in 2009 released his critically acclaimed documentary ‘389 Miles: Living the Border’. The film has been screened nationally and internationally and has won him accolades at several film festivals. In 2010, he was named Tucson’s 40 Under 40 Man of the Year.