Our history goes back to 2002 when we began as the Texas IDA Network, created to support and expand individual development account (IDA) programs in Texas. As new asset building programs developed across the state, we changed our name to the Texas Asset Building Coalition (TABC) to reflect the variety of asset-building activities our members were delivering alongside their IDA programs.
In 2005, TABC held its first statewide summit titled RAISE Texas, with “RAISE” standing for Resources, Assets, Investments, Savings, and Education. At the summit, local and state leaders developed recommendations on public policies and programs to support asset development in Texas. TABC followed the summit with seven regional meetings to engage local stakeholders and gather their recommendations. We used these recommendations to build our action agenda.
In 2007, stakeholders met and decided formally to create RAISE Texas, a statewide network of nonprofits, for-profit corporations, public institutions and individuals working to increase the financial stability of Texans.
In 2008, RAISE Texas became the first independent 501(c)(3) state asset-building coalition in the country.