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IDA Program - Save Your Money and Receive Matched Money!

Individual Development Accounts are meant to help build assets! Women’s Initiative is delighted to be able to offer this program to all qualifying Women’s Initiative graduates. To learn about matched saving programs called Individual Development Accounts, please see our Financial Services video.

How it works
For every $1 saved, $2 is matched! You can save up to $2,000 and be matched $4,000. Funds can be used for: your business, first time homebuyers and continuing your education.

Who is eligible for an IDA?
In order to be eligible for an IDA account you must meet with all of the following criteria:
* Women’s Initiative graduate
* Not have had a prior IDA account or enrolled in one
* Less than $10,000 in assets (excluding one automobile)
* Social Security Number or ITIN
* Earned income through employment or self employment
* Meet with the income-limit guidelines outlined below:

# in Household
Income Maximum
1
$20,420
2
$27,380
3
$34,340
4
$41,300
5
$48,260
6
$55,220

How do I get started?
Once you have completed the Simple Steps program you must make an appointment for an IDA orientation, please call (415) 641-3460. Details and an application for the program will be given during this orientation.


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