Dreamsavers IDA

Learn about the Dream$avers IDA Program. Enter the program lottery today.

What is the Dream$avers IDA Program?
  • Dream$avers is a “matched” savings program that helps you save for a set goal, such as home or vehicle purchase. 


  • We match every dollar you save in Dream$avers with $5 for your account. You can save up to $1,800 and be matched with up to $9000 more.  


  • You’ll save for at least 12 months, but you have up to 3 years to save if needed. 


  • As part of Dream$avers, you’ll get free financial classes through NeighborWorks Umpqua. You’ll also get free financial coaching to help you stay on track to meet your savings goal. 
What if I don’t have much money to save?

If you’re on a tight budget and not sure what you can save, check out our Resilience Matched Savings Program. Save just $500 and have your savings matched 5:1 for an extra $2500 in your savings account.

Am I Eligible for Dream$avers?

To be in Dream$avers:


  • You must live in Coos, Curry, Douglas, or Josephine County. 


  • Your household income must fit the guidelines provided.


  • Your household net worth must be less than $20,000, not counting the value of your home (if you are a homeowner), one vehicle, and up to $120,000 in retirement accounts. (this will be explained if you are selected in the lottery).

If I’ve been in Dream$avers before, can I apply again?

If you've completed Dream$avers in the past and spent any match dollars, you can't apply again to NWU’s savings programs. Use this tool to search for other IDA Programs to apply to: https://oregonidainitiative.org/find-ida-provider/

Dream$avers Income Limits
(up to 100% of Area Median Income*)
1 Person Household

$4,488/month or $53,850/year

2 Person Household

$5,129/month or $61,550/year

3 Person Household

$5,770/month or $69,250/year

4 Person Household

$6,413/month or $76,950/year

5 Person Household

$6,925/month or $83,100/year

6 Person Household

$7,438/month or $89,250/year

*For households with more than 6 persons please contact us

What Can I Save For in Dream$avers?


  • Home Purchase. Save for a down payment for a home.


  • Home Repair. You can use your account to pay for repairs needed for the health and safety of your home (for example, a new roof).


  • Small Business. Starting or growing a business you own.


  • Education. You can pay for university, community college, trade or technical school, or for a 529 college savings account.


  • Vehicle Purchase. Use your savings to pay for a car or truck.


  • Assistive Technology/Dental. Pay for items needed to improve your ability to work, including dental care.


How do I apply?

  • We use a lottery to choose who can apply for the Dream$avers Program. Enter our lottery using the link below if you think you are eligible. Your entry is active until December 31st of the year you apply in.


  • The lottery is held in October of each year. If your name is chosen, you’ll receive an email notice with instructions for applying to Dream$avers. 

 

  • After each lottery draw in October, anyone not chosen will receive an email reminding them to apply for the next lottery date.


  • Only submit your name to the lottery once each year. In January, anyone still on the lottery list will be reminded to re-enter for the new year.


Enter the Dream$avers IDA Lottery Today
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