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 |










