Individual Development Account (IDA) Program
United Way of the Capital Region's Individual Development Account (IDA) program provides a 4 to 1 match that helps qualifying individuals and families in Dauphin, Cumberland and Perry counties to achieve one of three long-term financial goals: buying a first home, starting a business, or obtaining a degree or job training.
Participants open a savings account with PNC Bank and agree to save $10 a week for 100 weeks. Upon completion of the program, their $1,000 will be matched by United Way at a rate of 4 to 1, giving them a total of $5,000 toward their financial goal.
Program participants are required to complete the FDIC Money Matters course to better understand budgeting, saving, debt and credit. United Way will also arrange training focused on the participant’s specific savings goals. Participants will also receive free tax preparation through the Money In Your Pocket program.
Eligibility requirements include:
- Have an earned income.
- Live in Cumberland, Dauphin or Perry counties.
Be eligible for Temporary Assistance for Needy Families (TANF).
Have an income less than 200 percent of the Federal Poverty Guidelines AND have a household net worth less than $10,000. (With the exception of one vehicle and one home.)
- Be eligible for the Earned Income Tax Credit AND have a total household net worth of $10,000 or less. (With the exception of one vehicle and one home.)
Learn about how IDA program graduate MacKendra found a path to home ownership.