An IDA (Individual Development Account) is a Matched Savings Account to purchase a specific asset, and in this case to use to BUY A HOME. You are matched $3 for every $1 you save up to $1,000. When you save $1,000 that savings is matched with an additional $3,000 (for a total of $4,000) to use for down payment or closing costs on the purchase of a home. |
You must be at or below 200% of the Federal Poverty Guidelines.
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