Lincoln Hills Development Corporation
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The Individual Development Account is a three-year, matched savings account program to assist individuals in achieving self-sufficiency through financial literacy. For each dollar you save, up to $500 per year, the state of Indiana will match it three-to-one.  
​

The maximum yearly match is $1,500 per year or $4,500 over three years. 
​

There's also the fast-track option which allows for a match of $800 the first year and $700 the second year. 
 
Once matched, and upon completion of a detailed work plan and financial counseling, program participants may put their savings towards a qualified asset purchase. 
Supported through the Indiana Housing & Community Development Authority, funds available on a limited basis to qualified Hoosiers who are interested in improving their financial literacy and participating in a dedicated savings program where their deposited funds are matched.
Person putting coins in a jar

income limits table
In order to be eligible to participant in the IDA program, you must meet the following criteria:
​

  • Be an Indiana resident
  • Earn income through 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​
Piggy bank
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 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)​​

The IDA program is available in all counties served for southern Indiana: Crawford, Dubois, Gibson, Harrison, Lawrence, Knox, Orange, Pike, Perry, Spencer, Vanderburgh, and Warrick counties.
To apply for this program, please fill out the application below, then email it to Rachel or mail it to:

​Lincoln Hills Development Corporation
ATTN: IDA
P.O. Box 336
Tell City, IN 47586
IDA Application
No Prior IDA Affidavit
Zero income affidavit

If you are interested in LHDC Individual Development Account services in any county listed above, please contact:

​Amanda
​Services for Families and Individuals Program Manager

Rachel
​Crawford County Resource Coordinator
call amanda
email amanda
Call rachel
Email rachel

Lincoln Hills Development Corporation
302 Main Street
Tell City, IN 47586
Phone: 1-800-467-1435
​Office Hours: 7:30 a.m. – 4:30 p.m.
​Monday - Thursday
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  • Home
  • News & Happenings
  • About
    • Success Stories
    • Events & Closures
    • Board of Directors & Management Team
    • Facility Locations
    • Helpful Links and Resources
    • Frequently Asked Questions (FAQ)
  • All Programs
    • Services by County
    • Covering Kids and Families
    • Energy Assistance Program (EAP)
    • Emergency Food & Shelter Program
    • Head Start Birth-5
    • Housing Counseling and Homeownership
    • Housing Program >
      • Crawford County Housing for the Elderly
      • Hartford Place Apartments
      • Ohio View Apartments
      • Marengo Housing for the Elderly
      • Village Apartments of Marengo
      • Ferdinand Housing
      • Lincoln Manor of Holland
      • Lincoln Village Apartments
      • Village of Corydon
      • Milltown Housing
      • Cotton Mill Apartments
      • Country Place Apartments
      • Fulton Manor Apartments
      • Lincoln Manor of Troy
      • Tell City Housing for the Elderly
      • Chrisney Community Apartments
      • Santa's Community Apartments
      • St. Meinrad Housing
      • Chandler Heights Apartments
    • Individual Development Accounts
    • Perry County Substance Abuse
    • Resource Coordination
    • Community Volunteer Program
    • Section 8 Housing Choice Voucher Program
    • Senior Farmers' Market Nutrition Program
    • Weatherization Program
  • Contact
  • Career
  • Ways to Help
    • Donate
    • 2025 Golf Outing