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Individual Development Accounts
Buying a home. Completing a degree. Starting a business. Many people struggle with these aspirations daily due to a lack of knowledge, money, or the needed support. That's why the Zion Hill Community Development Corporation has initiated a Individual Development Account (IDA) program to help individuals save the money needed to purchase a home, further education or become an entrepreneur.
The program provides participants with an opportunity to save for a specific asset and have their savings matched 2:1 with funds provided in part through a grant from the US Department of Health and Human Services. Participants save up to $1,000 and the Zion Hill CDC IDA program will match their savings with another $2,000 for a total savings of $3,000.
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