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"I can't wait to get the keys & do the happy dance in my new home! Not so long ago I was homeless. Words cannot express the gratitude I have for where I am today."
~ IDA Program Graduate, on closing day

Individual Development Accounts

Individual Development Accounts (IDAs) are an opportunity for people to earn a match for savings toward the purchase of an asset such as their first home, post-secondary education, a vehicle to maintain or attain gainful employment, or to start a business.

An IDA works by providing a 3 to 1 match for your savings up to certain limits. NEDCO obtains state and federal funds to make the IDA program possible. The match money is a grant to you; it is not a loan and does not need to be paid back.

You must meet the following general Eligibility Requirements to participate in the program:

1. Be an Oregon Resident
2. Your household's adjusted gross income, according to household size, must be at or below 80% of the median for your county. Check here for details
3. Your household's net worth must be at or below $20,000. Please see the attached IDA Net Worth Calculation Worksheet.

As an IDA participant, you will have several responsibilities:

* Complete a total of 16 hours of education - 8 hours of financial education (Financial Foundations) and 8 hours of asset-specific training. You must complete Financial Foundations prior to enrollment.

* Demonstrate your ability to save by saving at least $25 in your own savings account for two consecutive months before applying for the IDA program (you can do this while you are completing the Financial Foundations course).

* Work with a NEDCO Financial Counselor to create a budget based on 30 days of tracked expenses, reflecting your ability to save on a monthly basis to reach your savings goal.

* Establish a savings goal and timeline for completion including making regular monthly deposits toward your goal in a joint/custodial account with NEDCO.

*We offer a discount when registering for required classes for a Homeownership IDA, as a combo. See below.*

1. The first step is to enroll in our Financial Foundations Education Series (required 8 hours of financial education):
Contact us or enroll directly:

Lane County

Financial Foundations $40

Mid-Willamette Valley

Financial Foundations $40
Financial Foundations en espaņol $40

Clackamas County

Not currently offered - but check back periodically!

2. In addition to Financial Foundations, you will need to also enroll in one of the following asset specific classes:

a. Homeownership is your goal? Enroll in our Threshold series:

Lane County
Threshold $50
Financial Foundations and Threshold Combo Package ($75 - save $15!)

Mid-Willamette Valley
Threshold $50
Threshold en español $50
Financial Foundations and Threshold Combo Package ($75 - save $15!)

Or contact our staff:
541.345.7106 (Lane County), 503.779.2680 (MWV)or email

b. Small business ownership is your goal? Enroll in our HATCH program:

Lane County
Business 101 $295 (Scholarships are available)

Or contact our staff:
541.345.7106 or

Coming soon: Asset specific education for Assistive Technology (transportation) and Post-Secondary Eduation IDA's!

If you would like more information on the IDA program, contact us at your local office.


Homeownership Center Photo
HUD Approved Housing Counseling Agency
Clackamas County office: 421 High St Suite 110, Oregon City, OR 97045 • Phone: 503-655-8974
Mid-Willamette Valley office: 2700 Market St NE Suite 110, Salem, OR 97301 • Phone: 503-779-2680
Lane County office: 212 Main Street, Springfield, OR 97477 • Phone: 541-345-7106

Equal Housing Opportunity