Connecticut Individual Development Account (IDA)

Connecticut Association for Human Services

Waitlist Down Payment

About This Program

Connecticut Individual Development Account (IDA) is available to homeowners in Groton, CT.

Matched savings program for low-income Connecticut residents saving for a home purchase. Participants receive 2:1 match on savings up to $2,000 saved ($4,000 match), plus financial education.

Match is 2:1; save $2,000 and receive $4,000 match for total of $6,000

Official source site checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Groton, CT, you can combine this program with other local help to cut your cost:

Key Details

  • 2:1 match on savings for home purchase
  • Save up to $2,000, receive $4,000 match
  • Income at or below 200% federal poverty level
  • Must complete financial education classes
  • Waitlist may apply, check with local partners

How to Apply

A grant-savvy contractor in Groton, CT can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Check with local partner for openings

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Connecticut Individual Development Account (IDA) provide in Groton, CT?

Up to $4,000 match (2:1).

Who qualifies for Connecticut Individual Development Account (IDA) in Groton?

Connecticut Individual Development Account (IDA) is open to homeowners in Groton, CT. It prioritizes low-income households.

How do I apply for Connecticut Individual Development Account (IDA) in Groton, CT?

Apply directly with Connecticut Association for Human Services using the official program link on this page or call (860) 951-2212. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Groton, CT

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs