Want to buy a home, start a business, or get an education?
Individual development accounts (IDAs) are matched savings accounts that turn $1,000 you save into $10,000 for goals like buying a home, starting a business, or pursuing post-secondary education.
Offered to Adams County residents through a partnership between Adams County and Colorado Housing Connects.
Individual Development Accounts
How It Works
IDA Savings Account
IDA participants save money in a special Individual Development Account (IDA). Every dollar saved is matched with additional funds — totaling $10,000 — that can be used toward buying a first home, starting a small business, or paying for post-secondary education or job training. To qualify, participants must meet program income requirements and participate in financial literacy classes. Payments are made directly to vendors (like a school) depending on the type of asset someone pursues.
Matched Savings
Participants commit to saving $1,000 in their IDA account. The program then multiplies that amount to $9,000 in matching funds, turning their savings into $10,000.
Adams County Residents: See If You Qualify
To find out if you qualify, Adams County residents can email amyk@brothersredevelopment.org for details. For Spanish inquiries, please email DYanez@BrothersRedevelopment.org.
