Individual Development Account

An Individual Development Account (IDA) is a special savings account that is designed to assist individuals on their path to home ownership. After an individual particpates in the Financial Fintess course, he or she is eligible to open an IDA account. When a individual opens an IDA for homeownership, their funds are matched at a 4:1 ratio.

The maximum out of pocket amount to contribute is $35 per month for a total of one year.  Neighborworks® Salt Lake will contribute a total of $1,680. 

Contact the This e-mail address is being protected from spambots. You need JavaScript enabled to view it at NeighborWorks® Salt Lake for more information.