What is an IDA?
How does an IDA work?
Do I qualify?
How do I start my IDA?

Save for
A Home
A Business
An Education

Common Questions 
IDA Team
Participating Community Agencies
A Glossary of Terms
Contact Us

How does an IDA work?

It’s as simple as A-B-C:

A. Save Your Money
When you sign up for an IDA, you become an ‘investor,’ setting a personal savings goal and making a commitment to deposit at least $10 into your account every month. 

B. Learn How to Manage Your Money
Attend free financial skills training to further your financial knowledge while you save. Your money is matched 3:1 or 2:1 for small business. In addition to money management, you’ll learn skills particular to your savings goal. Future homeowners will learn basic home repair and upkeep. Those saving for a business will learn how to write a business plan. Participants with education in mind will create a career development plan.

C. Invest Your Money!
As early as six months into the program, or after completion of the training, you can begin using a portion of your IDA savings to work toward one of three long-term goals:

• Buying a home
• Attending school 
• Building or starting a business 

As soon as 12 months after you start saving, you can withdraw all your contributions, plus matching money, to fulfill your goal.

Find out more
Do I qualify?