Mile High United Way's Individual Development Accounts (IDAs) are matched savings accounts made available through a collaboration with community partners to help people build a better future.

Here's how it works:

• For every $1 you save you receive $4 in match
• Maximum savings about is $1,000
• Maximum match is $4,000
• Maximum savings period is 24 months

What money can be used for:

• Purchase a home (first time home buyers only)
• Start or grow a small business
• Pay college tuition or for vocational education for yourself or a family member

How to qualify:

• Your net worth must not exceed $10,000, excluding your primary residence and automobile (net worth=what you own minus what you owe)
• You must qualify based on your income or claim the Earned Income Tax Credit (EITC) (see eligibility information)

Program requirements:

• Participate in the program for a minimum of six months after opening the account
• Complete approved, basic financial education classes
• Finish classes related to your savings goal
• Provide an invoice for a qualified purchase to access matched funds

http://www.unitedwaydenver.org/site/c.rwL8KjNULrH/b.4124221/apps/s/content.asp?ct=5833007