Philadelphia Housing Authority - Individual Development Account Program
2013 Ridge Avenue, Philadelphia, PA 19121
Eligibility
Hours
Voice
Application process
Call for information.
Fees
Service free of charge.
Service area
Philadelphia, PA
Description
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.
What's Here
Providing organization
Philadelphia Housing Authority
Develops, acquires, leases, and operates affordable housing for city residents with limited incomes.