You qualify for the Blank IDA, if you:
- Have at least one child 5 years of age or younger
- Have not owned property within the last three years
- Have a qualifying income that lies between 100% of the Federal Poverty Level and 80% of HUD's mean family income(see the table below)
For example, if your family size is four and your annual household income is between $20,650 and $56,950, you'll likely qualify for the IDA Program.
|
IDA Income Limits
|
| family size |
50% Mean Family Income (MFI) |
80% MFI |
| 1 |
$24,900 |
$39,850 |
| 2 |
$28,500 |
$45,550 |
| 3 |
$32,050 |
$51,250 |
| 4 |
$35,600 |
$56,950 |
| 5 |
$38,450 |
$61,500 |
| 6 |
$41,300 |
$66,050 |
| 7 |
$44,150 |
$70,650 |
| 8 |
$47,000 |
$75,200 |
