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  • Ida Application - New Century Ida

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EXPERIMENT IN SELF RELIANCE, INC. 1550 University Court PO BOX 135 WINSTON SALEM, NC 27101 Dear Applicant, We are pleased and excited that you have inquired about the New Century IDA home ownership.

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Individual Development Accounts (IDAs) are matched savings accounts that enable low-income families to save money for a particular financial goal, such as buying a home, paying for post-secondary education, or starting or expanding a small business.

The IDA Program is a comprehensive 6-12 month program that enables participants to establish matched savings accounts that can be used for their first home.

IDA acts as the “first mover” to tackle tough development challenges. IDA rallies others for the common good and helps make the world more secure. IDA provides leadership.

An Individual Development Account (IDA) program is a savings incentive program that provides eligible participants with a matched grant of up to $4 for every $1 that a participant saves. Participants can withdraw their savings and the matched grant money to buy their first home, start a business, or pay for college.

IDA participants are allowed to withdraw money as soon as they have reached their savings goal, but they must first get approval from the IDA program sponsor. Some IDA participants choose one big savings goal, such as a home, but others save for a number of smaller, related goals, such as textbooks and college tuition.

Individual Development Accounts (IDAs) Individual Development Accounts (IDAs) are special savings accounts that encourage lower-income workers to save by matching the funds they deposit. Money saved can be used to purchase a home, pay for higher education or job training, or start a small business.

To enroll in the program, participants must: Have a paying job. Earn less than 200% of the federal poverty level. Not have more than $10,000 worth of assets, excluding one car and one home.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232