IDA Savings & Match
Savings goal: $2,000
Match ratio: 2:1
Participants can save up to $2,000, which will be matched at the end of the Program with $4,000, for a total of $6,000 to use for home purchase
Savings period: a minimum of six months from the date of account opening. All participant deposits must be completed within two years of enrollment.
Monthly deposits: a minimum of $10. Deposits only can be made from earned income.
No withdrawals. Participants are not allowed to make withdrawals from their IDA accounts.