How to Apply for an Oregon IDA
Individual Development Accounts, or IDAs, are matched savings accounts. IDAs can build your financial capability while you save towards a goal. IDAs can help you build a better future for yourself, your family, and your community.
If you’re interested in saving for homeownership, to develop or start a microenterprise (a very small business), for an educational goal, to repair your home, or for a piece of equipment you need for work, an IDA may be for you. You’ll need to set and reach a savings goal and complete a savings plan. Then every dollar you save can be matched by the Initiative, typically with three dollars for every one dollar saved.