matched savings

IDA savings put a home within reach

Nicole Boyle was ready to buy a house. For eight years she had shared a two-bedroom apartment with her three children: Mackenna (14), Briannan (12) and Brent (10). It was time for fast-growing Brent to move into his own room.

Nicole worked full-time at a nonprofit organization, The Youth Council, and knew how to budget and organize effectively. She had recently paid off some credit card debt, but the routine expenses of a household of four made saving enough for a down payment difficult.

Board and committees

Questions about our governance structure? Please write or call us at (603) 224-6669.

Board of Directors

Janet Ackerman, Vice Treasurer
Bedford
Vice President, Commercial Lending, Relationship Manager
Eastern Bank

Peter Brankman, Treasurer
Andover
Retired CPA

Don Brueggemann
Concord
Manager
The Works

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Education training options

Financial fitness training options

IDA management resources

General IDA program management

Corporation for Enterprise Development (CFED)
Tips, advice and tools for building an effective IDA program, including a listserv for IDA service providers and other stakeholders.

Manage or support IDAs

Are you a community organization that provides services and assistance to New Hampshire Individual Development Account (IDA) participants?

Are you interested in finding out how to connect people with modest means to IDAs and other financial opportunities?

IDA opens the door to an education

Mary Callahan used IDA savings to get a college degree

Do you dream of going to college, completing professional training or learning a trade?

An Individual Development Account (IDA) can help.

By matching every dollar you save toward your education (up to $500) with an additional $8, the New Hampshire IDA Program puts your dream within reach.

You can use your IDA savings, plus the match money you earn, to pay for tuition and fees at an approved school or program.

You do not have to be enrolled in a degree or certificate program to be eligible.

An education IDA can help you:

IDA resources and links

Boys having fun with tents
We have made the difficult decision to close the Individual Development Account (IDA) collaborative program. With the permanent shutdown of the federal Assets For Independence Act (AFIA) in 2017, the match funding for savers no longer exists.
We are extremely proud of our partnership with many great organizations throughout New Hampshire and of the success of participants who saved and trained to accomplish their dreams of homeownership, higher education, or small-business growth.

Matched savings for a home or for education

We have made the difficult decision to close the Individual Development Account (IDA) collaborative program. With the permanent shutdown of the federal Assets For Independence Act (AFIA) in 2017, the match funding for savers no longer exists.
We are extremely proud of our partnership with many great organizations throughout New Hampshire and of the success of participants who saved and trained to accomplish their dreams of homeownership, higher education, or small-business growth.

Refugee family's sacrifice pays off

Like many, Benoit Muyuka was skeptical when he first heard about the Individual Development Account (IDA) program administered by the Community Loan Fund.

“When I was told that I would get $3 for every $1 that I saved in the IDA, I didn’t trust them,” said the father of six.