Learn about IDAs

IDA programs

Vision Statement

 

The Oregon Individual Development Account Initiative invests in the personal and financial growth of individuals to build strong communities throughout Oregon.

OUR IMPACT

0+
new accounts
0
Graduates
0
total savings plus match spent to date
E3 College Savings Plan
PARTNERING ORGANIZATIONS

Private Colleges and Universities

FUNDING SOURCE

State, School, OAICU

ELIGIBILITY REQUIREMENTS

80% AMI, $20,000 HH net worth, Oregon residents only

TRAINING REQUIREMENTS

2 hours financial education, 2 hours asset specific

MAXIMUM SAVINGS

$500

MATCH RATE

6:1

MAXIMUM MATCH

$3000

MINIMUM SAVINGS PERIOD

6 months

MAXIMUM SAVINGS PERIOD

12 months

MINIMUM MONTHLY DEPOSIT

N/A

RE-ENROLLMENTS

Annually

CONTACT

Hector Martinez
E3 Program Manager

Matched College Savings Plan
PARTNERING ORGANIZATIONS

Community Colleges and High Schools

FUNDING SOURCE

State

ELIGIBILITY REQUIREMENTS

80% AMI, $20,000 HH net worth, Oregon residents only

TRAINING REQUIREMENTS

10 hours financial education, 6 hours asset specific

MAXIMUM SAVINGS

$1600

MATCH RATE

5:1

MAXIMUM MATCH

$8000

MINIMUM SAVINGS PERIOD

6 months

MAXIMUM SAVINGS PERIOD

36 months

MINIMUM MONTHLY DEPOSIT

$25

RE-ENROLLMENTS

Two accounts in a lifetime

CONTACT

Lane Thompson
VIDA/MCSP Program Manager

Vida Savings For Life
PARTNERING ORGANIZATIONS

Housing Authority, CDCs, Community Orgs

FUNDING SOURCE

State

ELIGIBILITY REQUIREMENTS

80% AMI, $20,000 HH net worth, Oregon residents only

TRAINING REQUIREMENTS

10 hours financial education, 6 hours asset specific

MAXIMUM SAVINGS

$3000

MATCH RATE

3:1

MAXIMUM MATCH

$9000

MINIMUM SAVINGS PERIOD

6 months

MAXIMUM SAVINGS PERIOD

36 months

MINIMUM MONTHLY DEPOSIT

$25

RE-ENROLLMENTS

Two accounts in a lifetime

CONTACT

Lane Thompson
VIDA/MCSP Program Manager

Lane Thompson

For additional information about IDA programs.

Lane Thompson 

VIDA/MCSP Program Manager

(503) 537-0319 Ext. 330

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