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Individual Development Account (IDA)
An Individual Development Account (IDA) is a matched savings account, where the money you save is multiplied by IDA match money to help you achieve a goal you have set. IDA participants earn a $5 match for every $1 they save, up to an established savings goal. For example, in a year, a participant can save up to $1,200 while earning a $6,000 match.
As an IDA participant, you'll take financial education classes and learn more about purchasing and maintaining your home while using personal savings and match funds towards purchasing or repairing your home.
Habitat for Humanity of Lincoln County partners with Habitat for Humanity of Oregon to provide access to IDAs such as Home Purchase IDAs and Home Repair IDAs.
To learn more about additional types of savings objectives and other IDA providers in your area, visit oregonidainitiative.org.
How do I qualify?
Participants must meet the following eligibility requirements:
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You are an Oregon resident and reside in Lincoln County
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Your household income is at or below 80 percent of the Area Median Income (AMI)
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Your household net worth is below $20,000. Net worth is the value of what a person owns minus what they have in debt (excluding the value of one's home, if you are a homeowner, one vehicle, and up to $120,000 in retirement).
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You commit to making regular deposits toward your goal, for a minimum of three months.
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You are willing to work with an IDA provider to complete additional requirements, including financial education and goal-specific training.
More information available at habitatoregon.org/ida.
How to apply
Our current IDA funding is reserved for future Habitat home buyers. If you’d like to learn about becoming a future Habitat homeowner, please visit: Habitat for Humanity of Lincoln County's Homeownership Program. Our next application cycle will open in the Fall 2026.
For more information about the IDA program, our other programs, or to be notified when future IDA funding is available, email office@habitatlincoln.org or call 458-277-7601.
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