NWGF Individual Development Account (IDA) Program

SAVE AND SUCCEED!

The IDA Program Is A 5:1
Matched Savings Account

This means you can save up to $1,000.00 and receive a match of $5,000.00. This would give you a total of $6,000.00 for down payment and closing cost assistance.

To participate you must:

• Be a first time homebuyer.

• Have earned income.

• Make consistent monthly deposits into the account.

• Save for at least 6-months in the IDA program.

• Participate in Homebuyer Education and Financial Fitness classes.
  

• Participants in the IDA program are required to purchase a home within the following neighborhoods to obtain the savings match.

  View pdf map of target neighborhoods.

  Black Eagle
  West Side to 14th St. SW.
  South Side to 24th St. & 10th Ave. S.
  North Side to 37th St. & 10th Ave. N

To qualify for the IDA program you need to have an income equal to or less than the maximum income for your family size.

If you over-qualify we still have programs that could service your needs.