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Individual Development Accounts

This is a savings program that provides a savings match for down payment, closing costs and other home purchase-related costs. Program participants save money in a special account and at the end of the savings period these funds are matched with $3.00 for each $1.00 saved.

Participants can save a maximum of $1000 per year for up to 3 years.  Minimum monthly saving amount is $25.  Participants must attend Financial Education workshops and Homebuyer Workshop during the saving period.

Certain restrictions apply. Please contact Loretta Walker Kelly at 503-659-1618 x3 or by e-mail.

Maximum Income for IDA participants:

Number of people in household Yearly Gross Income
1 $40,350
2 $46,100
3 $51,850
4 $57,600
5 $62,250
6 $66,850
7 $71,450
8 $76,050

5427 Glen Echo Avenue Gladstone, Oregon 97027
Phone 503 659 1618 | Fax 503 496 5113 | Email Us
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