The IDA process is complex.
Don’t get frustrated.
We’ll walk you through the process, step-by-step!
Don't know where to start?
What to do, where do
I start,what should I expect?
1. Complete an Application (paper/online)
2. Complete an in-person interview/screening to determine enrollment eligibility
3. Schedule follow up interview if necessary
- You must meet HUD eligibility guidelines for income verification, *200% of Poverty.
- Eligibility is determined by using HUD formula for low-moderate income individuals and families.
- You must meet Federal guidelines for minority designation populations.
• Minimum deposit of $25.00
• Regular monthly deposits of $100—eligible to withdraw funds in 10 months
• One time maximum deposit of $500.00
• Regular monthly deposits of $83.00—eligible to draw funds in 6 months
• One time maximum deposit of $500.00
• Regular monthly deposits of $250.00-eligible to draw funds in 3 months
• 21 hours of Financial Capability Education
• 12 hours of Asset Specific Management
• Participants must complete a business/sustainability and Marketing plan or Executive Summary (to be determined during interview)
• Participants are required to provide proof of citizenship
• Your Practitioner will provide you with a list of acceptable forms of identifications
• IDA for Small Business Development participants must provide/obtain a DUNS
number
• Participants are required to provide a current credit report
• Eagle Market Streets Development Corporation works with Ontrack Financial Services in helping you obtain a free credit report.
• Every 2nd Friday of the month, Ontrack Financial Services takes walk-ins who are interested in having a credit report pulled for free. Ontrack is located: 50 S French Broad Ave, Asheville, NC 28801 (828) 255-5166
