Here's how it works
|
|
 |
For every $1 you save you earn $4 in match. |
|
Maximum savings amount is $1,000 |
|
Maximum match is $4,000 |
|
Maximum savings period is 24 months |
|
See our list of Successful IDA Businesses |
What money can be used for
|
|
 |
Purchase a home. (first time home buyers only) |
|
|
Start or grow a small business. |
|
|
Pay college tuition or for vocational education for yourself or a dependent. |
|
|
|
Program Requirements
|
|
|
Participate in the program for a minimum of six months after opening the account. |
|
Complete approved, basic financial education classes. |
|
|
Finish classes related to your savings goal. |
|
|
Provide documentation for a qualified purchase to access matched funds. |
|
