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New Century IDA Matched Savings Program

Administered by:
Experiment in Self-Reliance (ESR)
· Nonprofit · Grant
Funding status: Active

How much assistance

Up to 6:1 match on savings (save $2,000, receive up to $12,000)
Match funds provided at closing as down payment assistance. No repayment required.

Eligibility

  • Income limits: Must meet income guidelines (low to moderate income)
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must be a resident of Winston-Salem/Forsyth County.
  • Homebuyer education required: Yes

How to Apply for New Century IDA Matched Savings Program

Contact Experiment in Self-Reliance at 336-722-9400, extension 160. Enroll in the IDA program, complete economic literacy training and first-time homebuyer training, and work with an assigned Success Coach to build matched savings toward a down payment.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (1 city across 1 state)