Individual Development Account

The Michigan Saves IDA Program is a matched savings program for people who want to build financial assets. 

Time is running out! Don’t miss this great opportunity! NMCAA’s matched savings program has a less than 12 accounts available. For every $1 you save (up to $1000), you will receive a $2 or $3 toward one of these eligible uses:

  • First-time Homebuyer down payment assistance
  • Tuition for an accredited school
  • Small business start-up or expansion

To be eligible for the Program, you must:

  • Save a minimum of $20 per month from your earned income (actually you want to save more to realize full value!) You may want to deposit your Economic Impact Payment or tax refund.
  • Complete NMCAA’s money management workshops and asset specific training
  • Meet regularly with a Budget/Housing Coach
  • Show proof of your earned income that meets the income eligibility guidelines (i.e., a family of 4 can have an annual household income of up to $51,500)

For more information on the IDA Program, call (231) 947-3780. To fill out a potential IDA application, click here for IDA Application. Once the potential application is filled out completely, it can be delivered, mailed, faxed, or scanned and emailed to

By submitting the IDA Application, you are added to the wait list for the program you are interested in. 

This page last updated on 7/23/2020.
Successful Home Purchase Through the IDA Program
We love a good success story!

Congratulations to Estella and Sean on their new home!

Estella successfully graduated from our Family Self-Sufficiency and Individual Development Account programs, using her matched savings to help purchase this life changing asset.

"My fiancé and I have been working together to build our family. To unite our family a home was needed. Our boys are so excited with this accomplishment. They get along so well and love Sean, my fiancé. The IDA program has been the staple to our goal. Without it our dream would still be a dream."