Individual Development Account

The Michigan Saves IDA Program is a matched savings program for people who want to build financial assets. We will work with the customer to provide the extra dollars and tools to help someone build a bright future.  Every $1 you save (up to $1000) will be matched with $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:

  • Agree to save $20 per month from your earned income
  • Agree to complete Financial Capability workshops and asset specific training
  • Agree to meet other IDA Program requirements as described by NMCAA's IDA Coaches
  • 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

This page last updated on 10/28/2019.
Successful Home Purchase Through the IDA Program
We love a good success story!

Congratulations to Estella and Sean on their new home! (pictured here with their family and Budget/Housing Coach, Barb Stricker)

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."