Oregon Individual Development Account (IDA)

Oregon Housing & Community Services

Available Down Payment

About This Program

Oregon Individual Development Account (IDA) is available in Salem, OR.

Matched savings program to help low-income Oregonians save for homeownership down payment. State matches $3 for every $1 saved, up to $2,000 in personal savings for $6,000 total. Financial education required.

Maximum total savings including 3:1 state match

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

Data last verified 2026-05-25. How we verify our data.

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

Key Details

  • Save $2,000, receive $6,000 total with match
  • 3:1 state match on personal savings
  • For low-income aspiring homebuyers
  • Financial education classes required
  • Administered by local nonprofits in Salem

How to Apply

A grant-savvy contractor in Salem, OR 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: Ongoing enrollment at partner agencies

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 Oregon Individual Development Account (IDA) provide in Salem, OR?

3:1 match savings up to $6,000.

Who qualifies for Oregon Individual Development Account (IDA) in Salem?

Oregon Individual Development Account (IDA) is available in Salem, OR. It prioritizes low-income households.

How do I apply for Oregon Individual Development Account (IDA) in Salem, OR?

Apply directly with Oregon Housing & Community Services using the official program link on this page or call (503) 986-2000. 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 Salem, OR

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

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