Individual Development Accounts

The IDA program is a match savings program that assists low-income tribal families to purchase their first home. The match ratio is a 2:1. Tribal members who apply for this program must meet program requirements.


  • Annual household income within eligible range
  • Annual income at least $25,000
  • Residents of the 7 County Service Area (Upper Peninsula)
Other Requirements:

  • Save at least $75.00 per month while in program.
  • Attend a series of personal finance and money management workshops.
  • Remain in program for at least two years.
  • Willing to participate in on-going peer support groups.
  • Savings and match may only be used toward the purchase of a home.
For more information regarding this program, please call the Homeownership Department.