The Oregon Individual Development Account (IDA) Initiative invests in the personal and financial growth of individuals to build strong communities throughout Oregon. The Initiative was created in 1999 by the Oregon State Legislature to bring state agencies, private non-profit and tribal partners, and private contributors together to create opportunity in Oregon. Today, the Initiative is composed of the State of Oregon under the leadership of Oregon Housing and Community Services Department and the Oregon Department of Revenue, and a host of private partners and contributors working together to help Oregonians achieve their dreams. The Initiative is managed by Neighborhood Partnerships.

Participants enroll through one of the many partners located in all corners of the state, set a goal and begin saving. Once the participant’s goal is reached and all parts of the savings plan are completed, every dollar saved by a participant is matched by the Initiative, typically three dollars for every one dollar saved. Initiative participants may benefit from matched funds to help them purchase a home, fulfill an educational goal, develop and launch a small business, restore a home to habitable condition, or purchase equipment to support employment.

Oregon residents twelve years of age and older who have low incomes and modest net worth may be eligible for the program. Residents work with a local partner to define and reach their goals.

Program Overview

College Dreams is a partner of the Oregon IDA Initiative and is awarded funds annually to enroll youth interested in post-secondary education or training. The College Dreams IDA program provides the opportunity for youth and adults to reach their education dreams by matching every dollar saved with another three dollars to help fund post-secondary education or job training; students can save up to maximum of $3,000 and the program matches it with $9,000.  The College Dreams IDA Program will also provide participants with training, goal setting and support to help them achieve their savings goal.

College Dreams previously served as a network-partner with NeighborWorks Umpqua to provide IDAs through the Dream$avers program. In 2013, College Dreams became a direct partner with the Oregon IDA Initiative to offer Individual Development Accounts. The College Dreams IDA Program serves youth in Douglas, Josephine and Jackson Counties. Priority is given to students currently enrolled in other College Dreams programs as we hold a limited number of accounts for students outside of our programs.

Eligibility Requirements:

You may be eligible if you are:

  • 12 Years or older
  • An Oregon resident
  • A member of a household that meets the income and net worth limits (found at the bottom of this page)
  •  Willing and able to save for a period of 6 to 36 months
  •  On track for post-secondary education or training

Must be interested in saving in order to go to post-secondary education or job training. Savers must plan to maintain residency in Oregon (or for minors who enroll, their household must plan to maintain residency) while both saving and spending their funds. IDA dollars can only be used for the following uses:

  •  Tuition
  •  Fees
  • Books
  • Equipment related to being a student (Computer, materials required by a syllabus, etc.)

For more information, please contact:

Frank Boothby

IDA Program Manager



IDA Success Stories

Since 2008, the College Dreams IDA Program has made a difference in over 500 students from Josephine, Jackson and Douglas counties; helping them attain their educational goals and make college possible!

To date, 547 youth participants have saved $980,158 and been matched with $3,024,979!

IDA Program Funding

The Individual Development Account Initiative is supported by funding from the Oregon IDA Tax Credit. This credit allows you to support participants like ours and get back a 70% credit on your State tax return. For more information go to ida.neighborhoodpartnerships.org or go to www.oregonidainitiative.org/ for more information about the IDA Program in your part of the State.

IDA Income and Net-worth Qualifications

Income is determined only at the time of application and is based on the total income of all members of the household.

Income qualifications for the College Dreams IDA Program by household size:

2016 OR-IDA Income Eligibility Limits for Josephine, Jackson and Douglas Counties

Effective 04/08/2017

 1-Person Family2-Person Family3-Person Family4-Person Family5-Person Family6-Person Family7-Person Family8-Person Family

For households over 8 people, add $8,120 per person to the income limit.

Net worth is also a factor when determining eligibility for the household. Excluding the value of your home (if owned), your most expensive vehicle, and up to $60,000 in retirement savings- your total net worth cannot exceed $20,000. We ask when reporting these items on your application that you can look up your vehicle values on Kelly Blue book (or a comparable website) and report any debts based on the most recent statement from your lending institution. Similarly we ask you use your assessed tax value and most recent mortgage statement to report your home value and debt owed, unless a recent appraisal has been done to provide you a different analysis. For all other categories, please report as accurately as possible using recent statement balances when available. Verification of this information may be asked for if needed.