Individual Development Accounts (IDAs) are matched savings accounts, designed to help low to moderate income individuals accumulate assets and build wealth for purposes of:

• Higher education
• Small business capitalization
• Home purchase

In order to qualify for the IDA program, participants must:

• Not exceed 200% of poverty guideline or within TANF and EITC limits
• Have earned income, one contributing household member must be employed
• Must save for a minimum of six months
• Must not exceed net worth of $10,000, excluding a home and one vehicle
• Be able to repair credit with available income, within the two years of the program

Participants who qualify for the IDA program are asked to save $50 a month, for a maximum of $1,200 for a period of no less than six months, no more than two years. Savings will be matched at a 2:1 rate, which will accumulate to $2,400, giving the account holder a total of $3,600 to invest in the asset of choice.


Opportunity Passport™ Youth IDA 

If you are between the age of 14 to 24 and have been or currently are in foster care you are eligible for the Opportunity Passport™

Participants save a $1,000 the program will match $2,000 for a total of $3,000 to be used for:

• Education
• Housing 
• Job training
• Investments
• Micro-business.

Participants save $1,000 program will match $4,000 for a total of $5,000 to purchase  a car

Opportunity Passport Brochure
Youth IDA Brochure