Get Individual Development Account (ida) Program

The Individual Development Account (IDA) Program offers a pathway for low and moderate-income individuals to save money while receiving matching funds for specific asset purchases. This guide provides comprehensive, step-by-step instructions for completing the IDA form online, ensuring a smooth application process for all users.

Follow the steps to effectively complete the IDA Program application online.

1. Press the ‘Get Form’ button to download the IDA Program application form and open it in your preferred document editor.
2. Carefully read through the eligibility requirements at the beginning of the form, ensuring you meet all criteria, including age, residency, income level, and net worth limits.
3. Complete the personal information section, providing details such as your name, address, and government-issued ID information.
4. Fill out the income details accurately, referring to the income test chart provided in the guidelines. Ensure documentation of your financial situation is ready if requested.
5. Indicate your purpose for applying for the IDA. Choose between small business capitalization or educational funds, detailing your specific needs in the application.
6. Select a financial institution where you will be opening your savings account, ensuring you understand their policies on fees and balances.
7. Affix your signature to the acknowledgment section, confirming that you have read and agree to the terms outlined in the IDA Program guidelines.
8. Once the form is fully completed, save your changes, and then download or print a copy for your records.
9. Submit the form as instructed, ensuring any required documentation is included, either via online submission or by mailing it to the appropriate agency.

Begin your journey towards financial empowerment by completing the IDA Program application online today.