 Individual Development Accounts are meant to
help build assets! Women’s Initiative is
delighted to be able to offer this program to
all qualifying Women’s Initiative graduates.
How it works
For every $1 saved, $2 is matched! You can save up to $2,000 and be matched $4,000. Funds can be used for: your business, first time homebuyers and continuing your education.
Who is eligible for an IDA?
In order to be eligible for an IDA account you
must meet with all of the following criteria:
* Women’s Initiative graduate
* Not have had a prior IDA account or enrolled
in one
* Less than $10,000 in assets (excluding one automobile)
* Social Security Number or ITIN
* Earned income through employment or self employment
* Meet with the income-limit guidelines outlined
below:
|
#
in Household |
Income
Maximum |
|
1 |
$21,660 |
|
2 |
$29,140 |
|
3 |
$36,620 |
|
4 |
$44,100 |
|
5 |
$51,580 |
|
6 |
$59,060 |
How do I get started?
Once you have completed the Simple Steps program you must make an appointment for an IDA orientation, please call Financial Services at (415) 641-3483. Details and an application for the program will be given during this orientation.
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