Matched Savings (IDA)
Individual Development Accounts (IDAs) help eligible participants save toward approved financial goals with matching funds.
LOTTERY OPEN
Choose Your Savings Goal
There are separate lotteries for home purchases and other eligible savings goals. Choose the questionnaire that matches your goal.
Save $1. Get a $5 match.
Save up to $2,000 of your own money and receive up to $10,000 in matching funds toward an approved goal, subject to program requirements.
Enter the IDA Lottery
You may enter both lotteries if you have multiple savings goals, but you can only be approved for one IDA.
HOME PURCHASE
Save Toward Buying a Home
This lottery is for applicants interested in using matched savings toward an eligible home purchase.
OTHER SAVINGS GOALS
Save Toward Other Goals
This lottery includes:
- Business
- Education
- Vehicle
- Emergency savings
Different goals may have different program requirements. HomeSource will confirm the applicable terms during eligibility and approval.
Am I Eligible?
To be considered for the IDA lottery, you must live in Deschutes, Crook or Jefferson County, or be a member of the Confederated Tribes of Warm Springs.
Your household’s gross income, before taxes, must also fall within the applicable income limits based on county and household size.
Current Income Limits
| People | Crook | Deschutes | Jefferson |
|---|---|---|---|
| 1 | $52,600 | $67,350 | $49,250 |
| 2 | $60,100 | $76,950 | $56,250 |
| 3 | $67,600 | $86,550 | $63,300 |
| 4 | $75,100 | $96,150 | $70,300 |
| 5 | $81,150 | $103,850 | $75,950 |
| 6 | $87,150 | $111,550 | $81,550 |
| 7 | $93,150 | $119,250 | $87,200 |
| 8 | $99,150 | $126,950 | $92,800 |
Contact HomeSource for questions about your household size, income or applicable requirements.
Additional Requirements
- Participants must complete financial education and one-on-one coaching.
- Additional education may be required for specific IDA goals.
- Further program restrictions and requirements apply.
What Happens After You Enter?
- Submit the appropriate eligibility questionnaire.
- If you meet the initial eligibility criteria, your name is entered into the computerized lottery.
- Names are drawn monthly as program slots become available.
- If selected, HomeSource will contact you by email or phone about the next steps.
- Your entry remains in the lottery for the remainder of the program year, until available slots have been allocated.
Please check your email, including your junk folder, and make sure HomeSource can reach you by phone.
Questions or More Information?
Contact HomeSource at 541-323-6567 or homesource@neighborimpact.org.
Learn About the Oregon IDA Initiative →
The Oregon IDA Initiative is supported by funding from the Oregon IDA Tax Credit.