This program is a matched savings program that is used to assist low-income households to save to buy a home or start or expand a business. Through Oregon’s Individual Development Account initiative, low-income Oregonian’s gain financial skills, break the cycle of poverty, build wealth and invest in their communities. Each dollar our participant saves is matched by funds from the state’s IDA pool and reserved in a separate account for a specified asset. When all program requirements are fulfilled, the participants funds are matched with reserved funds. Clients enroll in the program for a minimum of 6 months and a maximum of 3 years.

Click here for the Individual Development Account (IDA) Fact Sheet

Click here for the IDA Program Income Limit Chart

For more information contact the Bend Housing Center at (541) 318-7506 or by email at homeownership@neighborimpact.org..