Individual Development Account

Need help saving for a house down payment, tuition, training, or business? We will match you!

Our IDA Program provides matched savings for people with limited incomes to build financial assets. For every $1 saved (up to $1,000), we will match you towards:

  • Closing cost or down payment on first home ($3 to $1)
  • Tuition for college or vocational training ($2 to $1)
  • Small business startup or expansion ($2 to $1)

Apply Now! 

If you are having difficulties, please reach out to our intake specialist by phone or email.

Phone: 231-947-3780

Email: fmsintake@nmcaa.net


To be eligible you must:

  • Be employed.
  • Agree to complete money management workshops and asset-specific training.

  • Save a minimum of $20 per month from your earned income.

  • Meet regularly with a budget/housing coach.

  • Agree to meet other program requirements. Minimum of 6 months in the program.

  • Meet income guidelines for 200% or less of the federal poverty level:

Family Size Maximum Income
1 $30,120
2 $40,880
3 $51,640
4 $62,400
5 $73,160
6 $83,920
7 $94,680


For families/households with more than 8 persons, add $10,760 to the 200% of
poverty amount of each additional person.
Valid through January 31, 2025 (subject to change).

Register for upcoming workshops or meet with a Budget & Housing Coach by clicking below.

This page last updated on 2/27/2024.
Successful Home Purchase Through the IDA Program

"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."

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.