Kensington IDA Program
IDA Program provides Individual Development Accounts (IDAs) to individuals who are first time home buyers. It is a structured savings program that provides matching funds for participants who meet a savings goal and complete financial education. First time home buyers who save $2,000, complete 6 hours of financial literacy education, and participate in 5 hours of housing counseling are eligible to receive $4,000 in matching funds. Funds may be used for down payment or closing costs.
Related Services
Physical Address
174 Diamond Street, Philadelphia, PA 19122
Hours
Program hours may vary; call for more information.
Voice
Voice
Application process
Call for information or visit in person
Fee
Services provided free of charge
Eligibility
Income guidelines apply; call for more information
Service area
Philadelphia, PA
Agency info
Ceiba
Promotes the economic development and financial inclusion of the Latino community through collaborations and advocacy aimed at ensuring their access to quality housing.