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CASI Individual Development Account (IDA) Program

Administered by: Community Action of Southern Indiana (CASI) · Nonprofit · Grant

Funding status: Active

How much assistance

Up to $4,500 in matched savings (3:1 match on personal savings) (Grant)

Matched savings; every $1 saved is matched with $3 in state match funds, up to $4,500 total match.

Eligibility

Income limits: Must earn less than 175% of the Federal poverty threshold
First-time buyer required: No
Geographic restrictions: Must be an Indiana resident in CASI service area (Clark, Floyd, Harrison counties).
Homebuyer education required: No

How to Apply for CASI Individual Development Account (IDA) Program

Step 1: Contact CASI Family & Individual Development Services Manager Marilyn Warren at (812) 288-6451 ext. 2113 or mwarren@casi1.org. Participants must save at least $25 per month and be employed.

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Notes

Program requires saving over multiple years. Example: $400/year saved for 4 years ($1,600) matched with $4,800. Participants receive financial counseling and pre-purchase homeownership counseling.