Individual Development Account Program
Offers residents a chance to sign up for an Individual Development Account or IDA, which is a special escrow savings account designed to help people with low or modest incomes save up for a major, lifelong asset such as a home. For every dollar saved in an IDA, account holders receive a corresponding match. Participants must agree to complete financial education classes and use their savings towards the purchase of a home. IDAs make it possible for individuals and families to build the financial assets they need to achieve homeownership.
Related Services
Physical Address
2013 Ridge Avenue, Philadelphia, PA 19121
Hours
Administrative Hours: Monday through Friday, 9:00am to 3:00pm.
Voice
Voice
Application process
Call for information
Fee
Service provided free of charge
Eligibility
Residents of Philadelphia Housing Authority.
Service area
Philadelphia, PA
Agency info
Philadelphia Housing Authority
Develops, acquires, leases and operates affordable housing for city residents with limited incomes.