An Individual Development Account (IDA) is a matched savings account that enables families with limited financial resources to save and build assets. Learn more about the Oregon IDA Initiative here.
Vision Statement
The Oregon Individual Development Account Initiative invests in the personal and financial growth of individuals to build strong communities throughout Oregon.
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