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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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