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IDA Matching Fund
The Individual Deposit Account (IDA) is designed to Match First Time Home Buyer Funds primarily for the purpose of buying a home. Therefore for every dollar the First Time Home Buyer saves will be matched by an authorized bank to in order to assist with down payment and/or closing cost. Their is usually a limit on the buyers' contribution, usually $2,000.00.
Contact a Gautier Realtor for assistance with this program.
The following grant program has been designed to help families in Camden County buy a home any where in the State of New Jersey.
Camden County Coucil on Economic Opportunity, Inc. (OEO)
Individual Development Account (IDA) Program
Darren Price, Program Manager, IDA Program
900 Haddon Avenue, Suite 225
Collingswood, NJ 08108
(856) 962-6911
Click here for a full application for the IDA Program
Individual Development Account (IDA) is a matching savings accounts process that enables American families to save, build assets, and enter the financial mainstream. IDA rewards the monthly savings of working families who are trying to buy their first home, pay for post-secondary education, or start a small business. This reward or incentive is provided through the use of matching funds that typically come from a variety of private and public sources. Similar to 401(k), IDA make it easier for families to build the financial assets they need to achieve the American Dream such as buying a home.
For more information about the IDA program go to Federal Deposit Insurance Corporation - click here.
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