Mile High United Way's Individual Development Accounts (IDAs) are matched savings accounts made available through a collaboration with community partners to help people build a better future.

Here's how it works:

	For every $1 you save you receive $4 in match.
	Maximum savings amount is $1,000
	Maximum match is $4,000
	Maximum savings period is 24 months

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 family member.

How to qualify:

	Your net worth must not exceed $10,000, excluding your primary residence and automobile.   (net worth = what you own minus what you owe.)
	AND
	You must qualify based on your income or claim the Earned Income Tax Credit (EITC).   (see eligibilty information.)

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 an invoice for a qualified purchase to access matched funds.

2009 Metro Denver IDA Income Eligibility

	There are three ways to qualify for an IDA. They all involve family size, make up and income.
	You may qualify to open an IDA if you fall within the family size and income limits listed below. For instance, you qualify if there are two people in your family and your annual income does not exceed $29,140.

	OR
	Your family qualifies under the Earned Income Tax Credit Guidelines below and you have investment inicome less than $3,1000 for the year.

	OR    Within the City and County of Denver
	IDAs are available at the higher income limits listed below to families with dependants starting or growing a business in Denver, or for education for individuals living or working in Denver.  Individuals can purchase a home in Denver whether or not they have dependants.

Family Size	1	2	3	4	5	6	7	8
Income limit	$42,550	$48,650	$54,700	$60,800	$65,650	$70,550	$75,400	$80,250

The funding source for this activity is the City and County of Denver, Office of Economic Development.

Learn more about Mile High United Way, read our stories of success, watch our online videos and join the movement for positive change at www.unitedwaydenver.org.

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