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Ceiba - Kensington IDA Program

174 Diamond Street, Philadelphia, PA 19122

Eligibility

Income guidelines apply; call for more information

Hours

Program hours may vary call for more information.
https://www.ceibaphiladelphia.org/ida-program

Application process

Call for information or visit in person

Fees

Services provided free of charge

Service area

Philadelphia, PA

Description

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.

Providing organization

Ceiba

Promotes the economic development and financial inclusion of the Latino community through collaborations and advocacy aimed at ensuring their access to quality housing.