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"Help for Today, Hope for Tomorrow."

IDA Program

The IDA Program is a five-year savings plan intended to help families with limited income to develop a budget, set goals, establish savings habits and invest money in an asset. Some of the requirements of the program are that you must be a resident of Indiana, have earned income and are able to put a small amount into the program on a monthly basis.

 

For each dollar saved, the program will match it with four dollars. This means if you successfully save $300, then the program will match it with $1,200, totaling a combined savings of $1,500. If you complete the five-year program at the current rate of match ($250 per year for four (4) years and a fifth year to spend the total match) you would have approximately $5,000 to invest in an asset (business, education, home ownership, vehicle purchase, etc.).

 

Am I eligible?  Yes, if you are:

 

  • An Indiana Resident

  • Employed

  • Below 200% of the Federal Poverty Guidelines based on household size

  • Able to save a minimum of $20 per month

  • Meet the minimum screening requirements