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Foreclosure prevention services

CDIDA Matched Savings

Learn how you can double or triple your savings for a future home purchase or small business! Participants can earn up to $4 for every $1 you save in a qualified account - up to $7,500! We call it the CDIDA - Capital District Individual Development Account.

bulletTo Get Started - To learn more about the program and receive application details, attend the next orientation workshop, call (518) 434-1730.
bullet Click here for the Homebuyer 101 orientation schedule.

 

bulletEligibility - To be eligible for the CDIDA program, applicants must:
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Earn less than the maximum annual household income.

Household Size Maximum Gross Annual Income

(2008 Mortgage Revenue Bond Limits)

1-2 Persons $56,480
3+ Persons $64,952
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Be approved (with our help!) by a participating lending institution.

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Save at least $20 per month over at least ten months in a qualified account.

 

bulletMoney Management Workshops - Once you're enrolled in the CDIDA program, you'll attend money management classes and training specific to your goal.
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Register online for money management classes.

 

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Partners - The CDIDA program is offered in collaboration with nonprofit service providers, the Federal Home Loan Bank of New York's First Home Clubsm and area lenders.
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Small business expertise is provided by the Capital District Community Loan Fund.

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Homebuyer education is provided by: AHP; the TRIP NeighborWorks® Homeownership Center; Rensselaer County Housing Resources; Better Neighborhoods Inc.; Albany County Rural Housing Alliance; and Cornell Cooperative Extension of Saratoga County.

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Participating lenders include:
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NBT Bank

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Citizens Bank

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HSBC Mortgage

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M&T Bank

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SEFCU

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First Niagara

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Pioneer Savings Bank.

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Affordable Housing Partnershipbullet255 Orange St.bulletAlbany, NY 12210bullet518.434.1730

Site last updated: August 11, 2008