Individual Development Accounts

Four-year, matched savings program designed to assist individuals in achieving self-sufficiency through financial capability training and asset generation. For each $1 saved (up to $1500) the State of Indiana will match it with $3 (max of $4,500) — for a total of $6,000 — usable towards buying a home, rehabbing owner occupied home, furthering your education, enrolling in a job training program, and starting or expanding a small business.

Eligible applicants must be:
  • An Indiana Resident

  • Employed

  • Below 200% of Federal Poverty Guidelines based on household size or receive TANF

  • Able to save a minimum of $21 per month

  • Meet the minimum screening requirements