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IDA (Individual Development Account) Program
General Information
Agency:  WESST
Program name: IDA (Individual Development Account) Program
Description : Matched savings program for income eligible persons. Monies can be used for higher education, business, or first-time home. Monies are matched 400% for up to $600. Participants must complete the IDA 20 hrs of financial literacy and be able to save a minimum of $10 a month or more for at least 2 years (3 years for home ownership)
Hours of Operation: Monday - Friday/ 8am - 5pm
Eligibility Requirements: Must meet income guidelines; be employed (at least 20 hrs a week) or self-employed. Participants must complete the IDA 20 hrs of financial literacy and be able to save a minimum of $10 a month or more for at least 2 years (3 years for home ownership)
Intake Procedure: Must bring in proof of income (last years income tax returns, last 3 months of pay stubs, gross receipt taxes or 1099 if self-employed) for all members of the household , drivers license, social security card. Must complete application to determine eligibility.
Insurance Information: N/A
Languages Spoken: English
Fees: Not specified
Primary Contact: Jo Ann Garay, Office Manager, (575) 541-1583, (email)
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Address:
PO Box 444
Las Cruces, NM 88004
This location is handicap accessible

Directions:

 Our office is located at 2907 E. Idaho Ste. A, Las Cruces, NM 88011. From Lohman, go south on Telshor past the mall on the right and the Hilton on the left. Pass two stop lights and look for a four-story building on the left. Turn left there, on Idaho. We are the second bldg on the left, first suite.
  Nearest Bus Stop: Telshor, 2 minute walk

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Categorization
*  Money Management
*  Adults
*  Caregiver Subsidy Recipients
*  Community Voicemail Recipients
*  Disability Recipients
*  Eligible Benefits Applicants
*  Ex-Public Assistance Recipients
*  Food Stamp Recipients
*  General Relief Recipients
*  In Home Supportive Services Subsidy Recipients
*  Long Term Welfare Recipients
*  Medicaid/Medi-Cal Recipients
*  Medicare Beneficiaries
*  Social Security Recipients
*  SSI Recipients
*  Subsidized Rental Housing Residents
*  TANF Recipients
*  Workers' Compensation Recipients
*  Citizens
*  At Risk Populations
*  Low Income
*  Moderate Income
*  Poverty Level
*  Underemployed
 
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