IDA Project


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About the Individual Development Account (IDA) Project 

United Way’s IDA Project is a matched savings account program helping low-income individuals purchase long-term assets. 

The project was launched with support from United Way Worldwide, Entergy Corporation, Women United, and Capital One in 2006 and has helped make homeownership a reality for more than 200 families.

 Download the full brochure here

United Way’s IDA Project is designed to help low-income individuals and families save money through a matched savings program. United Way’s IDA Program is designed to meet the needs of a community that has long-standing high percentages of intergenerational poverty. We are addressing these needs by allowing participants to use their IDAs for the purchase of a new home, vehicle, start a new or expand an existing small business or pay for post-secondary education.

Participants make regular deposits to a special “Individual Development Account” [IDA], held at a local financial institution. When the savings goal is reached, United Way sends a check for the asset purchase to the closing agency, dealership, college or vendor.

Participants receive a 4:1 match on their savings:

  • $7,500 max investment for home or small business $1,500 savings + $6,000 match 
  • $5,000 max investment for education or vehicle $1,000 savings + $4,000 match 
  • $5,000 max investment for home maintenance $1,000 savings + $4,000 match 




  • Commit to staying in the IDA Project until reaching savings goal
  • Deposit at least $50 each month while participating in the program
  • Be enrolled in the program for at least six (6)months before withdrawing from the Individual Development Account (IDA)
  • Attend financial education and asset-specific training




  • Credit counseling services
  • Case management services
  • Financial education training
    Asset-specific training regarding homeownership, entrepreneurship/business, vehicle purchase, home maintenance, or post-secondary education
  • One (1) year follow-up




→ If you or someone you know is interested in becoming a participant, please call [504] 827-6862 or fill out the form below.

IDA Program Inquiry Form


This program is ONLY open to residents who reside in United Way of Southeast Louisiana's service area - Jefferson, Orleans, Plaquemines, St. Bernard, St. Tammany, Tangipahoa, and Washington parishes.

Residents of parishes outside of our service area are NOT eligible for this program.

Contact your local United Way for available programs in your area.
Select a program you are interested in (one only)
Agency Representatives only




  • East St. Tammany Habitat for Humanity
  • Delgado Community College
  • Family Violence Program of St. Bernard
  • Gulf Coast Bank
  • Habitat for Humanity St. Tammany West
  • Hancock Whitney
  • Housing Authority of New Orleans
  • Investar Bank
  • Jefferson Community Action Programs
  • Metropolitan Center for Women & Children
  • Neighborhood Development Foundation
  • Neighborhood Housing Services
  • New Day Homeowner Services
  • New Orleans Area Habitat for Humanity
  • New Orleans Family Justice Alliance
  • Safe Harbor