Investing in people, strengthing communities
The mission of the Capital Area Asset Builders (CAAB) is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings and build wealth for a better future.
We are proud to serve low- and moderate-income individuals and families in the District of Columbia, Prince George's County, Maryland, Montgomery County, Maryland, Arlington County, Virginia, City of Alexandria, Virginia and Fairfax County, Virginia.
CAAB puts people on the road to financial independence. Our programs help low- and moderate-income individuals and families improve their money management skills, increase their savings, and build wealth by investing wisely. Our goal is to create a community that provides everyone with incentives and opportunities to save for the future. CAAB was founded in 1996 by several non-profit organizations that shared a common goal to support the development of Individual Development Account (IDA) programs in Washington, DC.
Since then, we have significantly expanded our programming to connect low- and moderate-income residents of the Greater DC area with financial education, financial coaching and credit coaching that help them to increase and enhance their financial capability and security.
Since 1996, over 2000 CAAB Savers have invested in their dreams: 44% of them have purchased their first homes, 40% have pursued education or job training and 16% of them have invested in small businesses. They saved over $1,100,00 and earned over $3,500,00 in matching funds, for a total asset investment of $4,600,000.