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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.

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.