Individual Development Accounts (IDAs) are matched savings accounts that allow individuals and families to save and generate money to improve their living situation. This could include increasing your funds to:
- Buy your first home
- Make essential repairs or improvements to your existing home (Home Rehabilitation)
- Start or expand a small business
- Pay for college education or job training
For every $1 you save, you receive a match of $3 additional dollars. If you save the maximum amount of $2,000 of your own money during the course of the program, you will receive $6,000 of matching funds to be used for your Savings Plan goal.
“It was scary not knowing if I was going to be able to put $45 in an account every month with having to provide for two children being a single parent, I just had to make sure it happened…Finally in 2011 I am signing on a house, my dreams came true!” – Jen
“Because of this program I am about to own my first home. This is a dream come true for me and my son.” – Chris
See the IDA fact sheet link for more information on this program, including program eligibility and requirements
Click here for the Individual Development Account (IDA) Fact Sheet
For more information contact the Bend Housing Center at (541) 318-7506 or by email at homeownership@neighborimpact.org.. |
