IDA participant Shiela with her family in front of their new home bought with thelp of an IDA.
IDA participant Shiela with her family in front of their new home bought with the help of an IDA from NEDCO.

Individual Development Accounts, or IDAs, are matched savings accounts that change the financial futures of qualifying Oregonians with lower incomes. Participants build financial skills such as budgeting and saving while they save towards a defined goal, and for every dollar they save the Initiative typically matches three dollars. Go here to learn more about how the initiative works.

The Oregon IDA Initiative is funded by the Oregon IDA Tax Credit. Oregon contributors may receive up to a 70% tax credit on their Oregon state returns for contributions made. This means the state gets $1 of investment for every 70 cents or less that it spends. Contribute today to support this incredible Initiative and help Oregonians across the state change their lives.

We are limited to authorizing $7.5 million in tax credits each year and each year we sell out – so contribute today!