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 $3. If you save the maximum amount of $3,000 of your own money during the course of the program, you will receive $9,000 of matching funds to be used for your goal.
You can complete the eligibility questionnaire using the link provided. Submission of the questionnaire will automatically enter you into the lottery for the program.
NeighborImpact offers the following types of IDAs