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Save the Date! Housing Fair 4/24/2010
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Matched Savings Accounts (IDA)

Learn how you can double or triple your savings for a future home
purchase or small business with an Individual Development Account (IDA). Participants
in the can earn up to $4 for every $1 you save
in a qualified account - up to $7,500 thanks to the Federal Home Loan Bank's
"First Home Club". 
 | To Get Started:
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 | Eligibility - To be eligible for the matched savings program, applicants
must:
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Earn less than the maximum
annual household income:
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Household Size |
Maximum Gross Annual Income
(2009 Mortgage Revenue Bond Limits) |
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1-2 Persons |
$59,280 |
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3+ Persons |
$68,172 |
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Be approved (with our help!) by a participating
bank or credit union. |
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Save at least $20 per month over at least ten months in a qualified
account. |
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 | Money Management Workshops - Once you're
enrolled in the program, you'll attend money management classes and
training specific to your goal.
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Partners - The matched savings 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:
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Homebuyer education is provided by:
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Participating banks and credit unions include:
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A similar program is available through
Citizens Bank and the Federal Home Loan Bank of Pittsburgh.
Click here for
details. |
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