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Individual Development Accounts (IDAs)

An IDA is specifically designed for low-income individuals and families. Deposits made to an IDA are matched by government and private sector sources. The program rewards responsible saving and allows economically challenged citizens to save for three primary purposes: down payment on a first home, tuition for post-secondary education, or to start a business.

Summary

For low- to moderate-income individuals
Matching funds at $2 for every $1 saved
A maximum matching amount of $2,000
Free financial education
Save for a first home, college, or to start a business
Families must qualify for an IDA through a participating government or non-profit agency. Contact United Way for more information.

Check out our current rates.

Eligibility

The eligibility for Idaho's IDA program include:

Be at least 18 years old
Live in Idaho
Have a stable source of earned income
Have a household income at or below 200% of the Federal Poverty Level and household networth less than $10,000 (excluding an owned home and one vehicle) OR be eligible for Temporary Assistance for Needy Families (TANF) OR Earned Income Tax Credit (EITC)

Families must qualify for an IDA through a participating government or non-profit agency. Contact the United Way of Treasure Valley for more information.