Dream$avers

NeighborWorks Umpqua’s Individual Development Account Service

Find out if you qualify

Do you have a dream? Let NeighborWorks Umpqua help.

Find out how our Dream$avers program can help you achieve your goals through our matched savings program. Our experts have helped many Oregonians reach their dreams of homeownership, going to college, opening their own business, and more.

What is the Dream$avers Individual Development Account?

If a bank offered to match your savings 3 to 1 would you make a deposit? Of course!

Dream$avers is an Individual Development Account or IDA program designed to Oregon residents reach for a brighter future by quadrupling your savings. You may also qualify for Dream$avers if you’re saving money to repair and maintain your home. We can help you work towards your dream by matching every dollar you save, up to $3,000, with another $3 dollars. Even a small monthly deposit will add up! In addition, as a Dream$aver you receive education and training to help you meet your financial goals, start a business, plan your career, or purchase or repair a home. Check our qualification table below for more information.

Is your goal: You may qualify for the program if you are:
  • To Go to College
  • 12 years or older
  • To Get Job Training
  • An Oregon resident
  • To Become Employed
  • A member of a household that meets the income and net worth limits requirements
  • To Get a better job
  • Willing and able to save for 6 months to 36 months
  • To Access Dental Services
  • To Buy A Home
  • To Start A Business
  • To Buy a vehicle
  • To Repair or maintain your home

If you qualify for Dream$avers, our team of IDA specialists can provide you with training, goal setting guidance, and will support you so you can achieve your savings goals.

For more information please call 541-671-5842 or click here to email us.

Do you have Individual Development Accounts for youth?

Short answer: yes! Saving for a college education or career training is one of the best investments you can make in your future. We have a special Dream$avers service just for students age 12+ enrolled in Oregon schools or GED programs.

Thanks to a grant from the Ford Family Foundation, we are able to provide Individual Development Accounts (IDA) or matched savings accounts to qualifying students who are saving to go to college or trade school. If students meet Dream$avers requirements and can save up to $3000 for college or trade school, NeighborWorks Umpqua can match those savings 3:1.

     $3,000 of YOUR savings
+   $9,000 Dream$avers Youth IDA match 
= $12,000 to pay for your education, debt free!

Funds never have to be repaid. A Dream$avers Youth IDA Specialist will help you create an Education/Career Plan and complete a Financial Education workshop to help you prepare for your future. There is no cost for participation in Dream$avers Youth IDA!

To qualify, applicant households must be within the income and net worth limits for the Dream$avers Program.

For more information please call 541-671-5842 or click here to email us.

How is the Dream$avers Program Funded?

The Individual Development Account (IDA) Initiative is supported by funding from the Oregon IDA Tax Credit. The Oregon IDA Tax Credit allows donors the chance to support IDA participants like ours and get back a 70% credit on your State tax return.

For more information, visit http://ida.neighborhoodpartnerships.org or learn about the IDA program in your part of the state at http://ida.tnpf.org/.

Talk with our IDA experts today!

Schedule an appointment

Help Us Change Southern Oregon

Donate

Our work in the Southern Oregon would not happen without support from the local community and donors like you. Donate to NeighborWorks Umpqua today.

Volunteer

Volunteering with NeighborWorks Umpqua in your spare time is one of the best ways to positively impact Southern Oregon. No matter where you live, chances are we will have a project near you in the future.

Partner

When you partner with NeighborWorks Umpqua, you will make a lasting impact on the Oregon community for generations to come.  NeighborWorks Umpqua will find a way to put your love for your community to work. Find out how you can partner, today.

Get In Touch

NeighborWorks Umpqua has two offices in Southern Oregon. One is located in the heart of Roseburg at 605 SE Kane Street, Roseburg, OR 97470 and the other is located 93781 Newport Ln, Coos Bay, OR 97420.

Address
605 SE Kane Street
Roseburg, OR 97470

Phone: 541-673-4909

Business Hours: 8a-5p M-Th, 8a-4p F