Get Financially Stable
Matched Savings Program
We're happy to announce that the matched savings program has re-opened! We'd like to thank our new financial partner, Greater TEXAS Federal Credit Union for holding our accounts.
Foundation Communities' Matched Savings Program has helped over 300 families achieve their dreams. Matched savings accounts enable individuals and families of modest means save money for major investments such as buying a first home, funding post-secondary education or opening or expanding a small business. Foundation Communities Matched Savings Program is otherwise known as an IDA (Individual Development Account).
For answers to frequently asked questions, click here
for Spanish version, click here
Eligibility Requirements
To be eligible to participate in the Matched Savings Program you must:
- Currently reside on a Foundation Communities' property
- And have earned income (wage, salary or tips) that does not exceed $21,780 for an individual, $29,420 for a household size of two, $37,060 for a household size of three, or $44,700 for a household size of four.
Apply to Participate
If you meet the eligibility requirements it's time to get started! Click here for an application , para una aplicación en español haga clic aquí
Once your application is complete, you must meet in person with program staff. To schedule an appointment call 512-610-7381 or email IDA@foundcom.org
Resources for Current IDA Participants
Deposits can be made in person at any Great TEXAS Federal Credit Union Branch. For a list of GTFCU branches, please visit their website: www.gtfcu.org
There isn't a branch close to you? Greater TEXAS Federal Credit Union participates in branch share. Using branch share, you can go to partner credit unions around Austin and using your GTFCU account number, make a deposit into your GTFCU account! For more information on branch share please click here.
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