Community Action Partnership
Community Action Partnership of Riverside County
Search   Learn about the programs available through Community Action Partnership of Riverside County.

Individual Development Accounts (IDA)

 

A matched savings incentive program for low-income residents of Riverside County. Participants must have earned income from a job or self-employment to be eligible for the program.
 
How is this different from other savings accounts?

 

ida gradA "savings match" is a promise to supplement an IDA participant's savings deposits at a specific rate; in other words, a 4:1 savings match means that for every one dollar a RivCo IDA participant saves (up to a maximum of $1,000), he or she will earn another 4 dollars toward the purchase of his or her total asset (maximum match of $4,000). 

 

Matching funds can ONLY be used for one of three goals:Robert, Brook, Lizzy & Robert Reil, Jr.

 1.       Start or expand a business,

  2.       Advanced educational or vocational training, or

  3.       Buy a first home.

 

 

IDA Upcoming Schedule: