Individual Development Accounts

United Way’s Individual Development Account Program (IDA) encourages and rewards savings towards a home or post-secondary education by matching participants’ deposits.

Through a federal grant obtained by the Boys & Girls Clubs of Greater Milwaukee and funds raised by United Way, savings are matched $4 to $1 for first-time low-income home buyers, and $6 to $1 for post-secondary education. Participants must also take part in financial counseling classes in order to enroll in the program.

Home Ownership Match Requirements

  • Be a first-time home buyer
  • Show proof of employment
  • Have a net worth less than $10,000 (excludes value of one vehicle per household)
  • Be able to make monthly deposits to a savings account
  • Qualifying income must fall within 200% of the Department of Health & Human Services Poverty Guideline

Education Match Requirements

  • Be at least a junior in high school (with a 2.0 GPA or higher; returning adult students are eligible).
  • Show proof of employment (under 18: child or parent)
  • Have a net worth less than $10,000 (excludes value of one vehicle per household)
  • Be able to make monthly deposits to a savings account
  • Qualifying income must fall within 200% of the Department of Health & Human Services Poverty Guideline

Learn More

Contact Jenell Hackley, Boys & Girls Clubs of Greater Milwaukee - 414.267.8150. 


Give to the IDA Initiative

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