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
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Individual Development Accounts (IDAs) are matched savings accounts that are designed to help you build savings for an investment with a high return. As a participant in an IDA program, you become an ‘investor’, saving money for any of these goals: 

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

Here are some quick facts about our IDA program:

• Match rate is $3 for every $1 you save for homeownership or attending school
• Match rate is $2 for every $1 you save for building or starting a business
• Attendance at free classes in credit counseling and financial training is required
• Minimum time before you can use all your savings and matching dollars is 12 months (6 months for business accounts)
• Maximum time the account can be open is 48 months
• Minimum you can save is $10 per month
• Maximum IDA savings matched: $2,000
• Maximum total matching dollars per account: $6,000 ($4,000 for business)
• Emergency withdrawals are allowed with consultation

Learn more
How does an IDA work?