IDA Matched Savings Programs
Ceiba partners with the United Way of Greater Philadelphia and Southern New Jersey to provide Individual Development Accounts (IDAs) – structured savings programs that provide matching funds for participants who meet their savings goal and complete financial education. Since 2007, Ceiba’s IDA program has graduated 28 participants.
First time homebuyers who save $2,000, complete 6 hours of financial literacy education, and participate in 5 hours of housing counseling are eligible to receive $4,000 in matching funds. Funds may be used for downpayment or closing costs.
Ceiba is not currently accepting applications for the IDA program. Please check back in June for updated application information. If you are interested in putting your name on the waiting list, please send your name and contact information to email@example.com or call (215) 634-7245.