Newtown CDC, Individual Development Account (IDA) for Homeownership

Newtown Community Development Corporation

Available Home Repair

About This Program

Newtown CDC, Individual Development Account (IDA) for Homeownership is available to homeowners in Phoenix, AZ.

Individual Development Accounts through Newtown CDC allow low-income residents to build savings matched at up to 4:1 for homeownership or home repair goals. Minimum savings period of 10 months required. Income must be at or below 200% of the Federal Poverty Guidelines. Provides financial coaching, credit counseling, and homebuyer education alongside the matched savings account.

Match rate and maximum match vary by funding source and year. Check current availability with Newtown directly.

Official program page checked live on 2026-06-22.

Data last verified 2026-04-03. How we verify our data.

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

Key Details

  • Matched savings account for first-time homeownership or home repair
  • Income ≤ 200% Federal Poverty Guidelines
  • Up to 4:1 match on savings deposits
  • Minimum 10-month savings period for homeownership goal
  • Includes financial coaching and homebuyer education

How to Apply

Get free help applying Visit Official Program Page Track this program

480-736-2100

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

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Phoenix early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

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).
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

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: Rolling

Questions about this program?

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

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Frequently asked questions

Who qualifies for Newtown CDC, Individual Development Account (IDA) for Homeownership in Phoenix?

Newtown CDC, Individual Development Account (IDA) for Homeownership is open to homeowners in Phoenix, AZ. It prioritizes low-income households.

How do I apply for Newtown CDC, Individual Development Account (IDA) for Homeownership in Phoenix, AZ?

Apply directly with Newtown Community Development Corporation using the official program link on this page or call 480-736-2100. There is no middleman and no fee.

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