top of page

Individual Development Account (IDA)

about the program

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.

Habitat for Humanity of Lincoln County is partnered with Habitat for Humanity of Oregon to provides access to IDAs such as Home Purchase IDAs and Home Repair IDAs. 

For any questions, please contact the office at (458) 277-7601 or office@habitatlincoln.org

qualify 

Participants must meet the following eligibility requirements:

  • You are an Oregon resident and reside in Lincoln County

  • Your household income is at or below 80 percent of the Area Median Income (AMI)

  • 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).

  • You commit to making regular deposits toward your goal, for a minimum of three months.

  • You are willing to work with an IDA provider to complete additional requirements, including financial education and goal-specific training.
     

how to apply

Call us at (458) 277-7601 or email office@habitatlincoln.org to request an application. A Spanish version is also available. The application requires a list of assets and debts, proof of Oregon residency, and income documentation (four consecutive weeks). 

More information available at habitatoregon.org/ida

bottom of page