Savings and match programs, also known as Individual Development Accounts (IDAs), help low- and moderate-income individuals and families save for assets like a home, small business, or education. These programs encourage regular saving by matching contributions and providing financial education on budgeting, banking, and saving. Participants typically attend classes, receive counseling, and commit to a savings plan that lasts one to five years. Once they reach their savings goal and receive approval from the program sponsor, funds can be used for their chosen asset. By helping individuals build assets, IDAs provide financial security beyond daily expenses, making it easier to meet household needs during financial hardships. Participants may save for a single large goal, such as a home, or smaller, related goals like tuition and textbooks.
Ohio CDC Association provides financial and technical support to member organizations who provide savings and match opportunities in their communities. Individuals who are interested in participating in a savings and match programs should reach out to the member sites directly - they are listed on the program pages below.
The first, is funded through the Ohio Department of Development, and is for homeownership only.
The second, the Refugee IDA Program, is funded through the Office of Refugee Resettlement to help purchase either a home for the first time, earn a post-secondary education/trade credential, open a small business, or purchase a vehicle. The Refugee IDA Program is limited to refugee and asylees who have been in the country no more than five years. For the Homeownership Opportunity IDA Program, please contact subsites directly. A list of our current partner sites can be found here.
