To encourage the habit of saving and to provide an incentive for saving, we offer an Individual Development Account to individuals who are income-qualified. These savings, along with the 3:1 match, would be used for business-related assets or activities.
Qualifications to participate
Have a net worth of less than $20,000, excluding a primary home and one vehicle
Earn less than 80% area median income for your county
Proof of earned income which includes taxes and two months of income verification
Proof of Oregon residency (such as driver’s license or utility bill)
Thank you to Neighborhood Partnerships for making IDAs accessible across Oregon.