Turn $1 into more. United Way’s Individual Development Account (IDA) is a matched savings account program that helps low-income individuals achieve their goals of buying a home, attending school, or opening a business. Eligible participants are required to save money while also acquiring critical financial education and long-term money management skills.


  • Each participant opens an Individual Development Account, a no-fee savings account, and begins to save a minimum of $25 per month of earned income. The savings, up to $2,000, will be matched when the participant purchases a home, enrolls in higher education, or starts or expands a small business.
  • The participants also receive free financial education and education specifically related to their savings goal. They are eligible for credit counseling and free income tax preparation.
  • The IDA program is a collaboration of more than 35 organizations throughout Hillsborough and Pinellas counties that are committed to empowering hard-working people and providing ways to help them become financially independent.


  • Residents of Hillsborough or Pinellas County with an annual adjusted gross income of less than $49,200 for a family of four or $24,100 for individuals.

Here’s how they can use their funds:

  • First-time home buyers can use their matched savings to assist with down payments, inspections, title fees, and other closing costs.
  • College students can use their matched savings for college-related expenses such as tuition, fees, books, and equipment such as computers and software.
  • Small-business owners can have their savings matched to capitalize or expand a business to pay for inventory, equipment, or management technology.


These Prosperity Campaign of Hillsborough County partners help make the IDA program possible with funding, financial services, and case management:

Children’s Board of Hillsborough County
Pinellas County Community Development
Suncoast Centers Inc.
National Foundation for Debt Management
Solita’s House
SunTrust Bank
United Way