Community Resource

NORWESCAP Individual Development Funds

(908) 454-7000
Phillipsburg

This program is a matched savings program that works with income eligible individuals to help them achieve wealth accumulation and assets.

How It Works:

  • Attend an IDA Orientation
  • Sign a savings plan agreement
  • Open an IDA personal saving account
  • Deposit at least $10 per month
  • Attend financial literacy classes
  • Receive match dollars
  • Match dollars can be utilized to achieve the goal of attending school, starting a business or purchasing a home.
Eligibility Must be income eligible Must complete and submit an application Must attend a series of financial workshops Available to residents of Morris, Sussex, Warren, Somerset, and Hunterdon counties
Community Services
Basic Needs / Assistance
Payment Types
  • Free

Last Updated: 09/13/21