top of page

IDA Match Savings Program

Matching Funds for First-Time Homebuyers


[Oregon Residents Only]


The African American Alliance for Homeownership’s Individual Development Account Program


Please note: Currently the availability of funds is limited to AAAH program participants only




The African American Alliance for Homeownership’s IDA Program is a match savings program designed to support income-eligible families seeking to build their financial assets. The goal of the program is to provide participants with incentives to save.


Participants in the IDA program establish a savings account with a qualified financial institution for the purpose of purchasing a home. Savings accumulated in the IDA Program are matched at a 3:1 rate with funds from private and public sources. While saving for a match, program participants are required to complete an AAAH financial management.


Program Basics


Match Rate: 3:1

Maximum Savings Matched: $3,000 (Your Money)

Maximum Match: up to $9,000 ($3,000 x 3 = IDA funds)

Program Length: 6 months to 3 years

All information is based on the savings goal that is chosen!!!!!


up to $12,000 Total Amount


Qualified Expenses for Homeownership


  • Down-payment

  • Closing costs (such as attorney fees, appraiser’s fees, credit reports, home inspection, mortgage insurance, origination fees, property taxes and more)

  • Negotiated construction/reconstruction items when acquiring home at loan closing


Eligibility Requirements


  • Must be at least 18 years of age

  • Must be a first time home buyer

  • Must be employed and have proof of earned income (2 Months most recent pay stubs)

  • Must successfully complete AAAH’s Homebuyer Education Class

  • Must be income eligible (adjusted gross income must qualify for Earned Income Tax Credit or a member of your family must be eligible for participation in the TANF program)

  • Must provide proof of 3 consecutive months of savings prior to enrollment (negotiable)

  • Previous year tax return


For further information on the eligibility requirements or the application process, please contact Daniel Lechuga at or call 503-595-3517.



bottom of page