Learn about IDAs

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.

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

For additional information about IDA programs, email the IDA Team ida@casaoforegon.org

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