There are two key eligibility requirements to qualify for a matched-savings Individual Development Account. First, you must meet the low-income guidelines (which are lower than our standard guidelines for participation to take classes or get technical assistance. You must meet one of the following guidelines:

o Your household is at or below 200% of poverty level (see chart below) or 80% of the Lane County guidelines.
o You qualify for the Earned Income Credit
o At least one member of your household is receiving Temporary Assistance for Needy Families (TANF) funds.

2008 Federal Poverty Guidelines(200% of Poverty Level)

Or 80% Lane County Guidelines

You must also have less than $20,000 in net assets. The net asset calculation excludes your primary home and your first car. For example, you own a home worth $145,000, one car worth $10,000 and $15,000 of other assets. You owe $7,500 on your credit cards. You would be eligible for the program because your house and car are excluded from the calculation of the net worth.

Beginning July 21, 2005, a fee of $50 will be assessed for all new applications. These funds are used by CASA of Oregon to partially defray its administrative costs. For more information, you may contact Leah Murray murrayl@lanecc.edu at 541-463-4619.