Lincoln Hills Development Corporation
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Individual Development Accounts (IDA)

Interested in saving for your future? The IDA program allows you to multiply your savings. ​For every one dollar you save, you will receive three dollars in matching funds. 
In order to be eligible to participant on the program you must be:
​
• a resident of the State of Indiana
• have earned income from employment and/or self-employment
• meet current income guidelines
• complete financial training/workshops
• be able to complete the program within three (3) years
• must not be a former IDA Participant.
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Once approved, you will open a savings account with our partner bank. As you make deposits, matching funds are added at a rate of three dollars for every one dollar you save.

The combined funds can then be used for an approved asset purchase, including:
​
• home purchase (site-built home located in Indiana)
• post-secondary training
• job training programs
• owner occupied rehabilitation (must be participant's primary residence)
• motor vehicle purchase (necessary for employment or post-secondary education)
• start or expand a small business (must develop a detailed business plan)

​To learn more, please call 1-800-467-1435 ext. 229 or ext. 231.
IDA FLYER
IDA APPLICATION
Lincoln Hills Development Corporation
302 Main Street
P.O. Box 336
Tell City, IN 47586
Phone: 812-547-3435 or 1-800-467-1435
Monday – Friday, 8:00 a.m. to 4:00 p.m.
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  • Home
  • About
    • News
    • Administration & Board of Directors
    • Facility Locations
    • Helpful Links & Resources
    • FAQ
  • Programs
    • Services by County
    • Covering Kids and Families - Indiana
    • Cannelton Section 8 Housing Choice Voucher Program
    • Energy Assistance Program
    • Food and Shelter Program
    • Head Start Birth-5 Program
    • Healthy Families Program
    • Homeownership and Housing Counseling Project
    • Housing Program
    • Individual Development Accounts
    • Resource Coordination
    • Retired Senior Volunteer Program (RSVP)
    • Section 8 Housing Choice Voucher Program
    • Senior Farmer’s Market Nutrition Program
    • Weatherization Program
  • Contact
    • Employment
  • Ways to Help