Matched Savings (IDA)

The IDA Lottery is now open!

What is the IDA

Individual Development Accounts (IDAs) are matched savings accounts that allow individuals and families to save and generate money for a specific savings goal.

For every $1 you save, you receive a match of an additional $5. You can save up to $2,000 of your own funds and be matched with up to $10,000!

You can complete the eligibility questionnaire using the link below. Submission of the questionnaire will automatically enter you into the lottery for the program if you are eligible.

One Entry puts you in the lottery for the remainder of the program year. We pull lottery once/month and email/call those who get selected (please check your junk folder!)

IDA Lottery Entry Questionnaire

NeighborImpact offers the following types of IDAs:

 

Am I Eligible?

• Household income must be at or below the following:

  • Participants must complete a Financial Education portion, in addition to one-on-one coaching. Additional education is required for specific IDAs.
  • Further restrictions and requirements apply

What’s Next

  • If you meet initial eligibility criteria, you will be entered into a computerized lottery system.
  • Names will be selected periodically based on slot availability. We will email you if/when you are selected in the lottery. 
  • Names will remain in the database until all the slots have been allocated for the year.

Want to Learn More?

Check out our FAQs available in English and Spanish

Learn more about the Oregon IDA Initiative here

More Information: (541) 323-6567 or homesource@neighborimpact.org

The Oregon IDA Initiative is supported by funding from the Oregon IDA Tax Credit. for more information, go to: https://oregonidainitiative.org/donateida/

 

NeighborImpact proudly serves Deschutes, Crook and Jefferson counties and the Confederated Tribes of Warm Springs