Individual Development Account (IDA)

An Individual Development Account (IDA) is a matched savings account that enables families to save towards the purchase of a home. ICCF offers these accounts to qualified individuals (based on availability at time of inquiry).  Once a participant has saved $1,000 in their IDA, their savings is matched at a four-to-one rate, giving them $5,000 total towards the purchase of a home.

The ICCF IDA Program is for individuals or families who meet the following criteria:

  • Resident of Kent County
  • Be able to save a minimum of $20 per month from earned income
  • Has completed or will complete ICCF’s Introduction to Homeownership class before closing on a home
  • Are able to save in the IDA program for at least 6 months
  • Potential participants must fall at or below 100% of Area Median Income (see income limits below)

To learn more about the IDA Program, contact Rebecca Abraham at

Income guidelines: Household size income for the previous 12 months cannot exceed:

Family Size Income Level Family Size Income Level Family Size Income Level
1 $56,200 4 $80,200 7 $99,500
2 $64,200 5 $86,700 8 $105,900
3 $72,200 6 $93,100

Guidelines are valid through January 2021.

This program is now accepting new applications.

ICCF IDAs are provided with a grant from Heart of West Michigan United Way.

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