Overview

Contra Costa-Moving Assets Toward Community Hands (CC-MATCH) is a matched savings program for low income individuals looking to access their first high return asset such as:

• A Home.
• Post-secondary Education.
• Establishing a Small Business.

Since this program started in 2004, 60 people have completed the program including saving and receiving match funds to meet their goal. Of these, 44 made a down payment on their first home, 10 paid for educational expenses, and 6 invested in their own business.

How the Program Works

---

First, you must participate in and graduate from the Financial Fitness class, live in Contra Costa County, and have the income level shown below. Then, working with CHDC's Financial Fitness Counselor, you will set a personal savings goal and open an Individual Development Account (IDA) savings account.

When you make a deposit, matching funds are also deposited into a separate account, up to a maximum amount determined by the program. Depending on your savings goal, your deposits may be matched at the rate of 2 to 1, or 3 to 1. IDA accounts are generally not available for withdrawal during the savings period. Match funds are disbursed when you reach your savings goal, and are paid directly to the appropriate vendor.

•  CC-MATCH Program Brochure
•  CC-MATCH Program Brochure - Espanol
•  Printer Friendly Flyer - Upcoming Workshops

Eligibility Criteria

---

To qualify for an Individual Development Account (IDA) with the CC-MATCH program, you need to meet the following criteria:

• Live in Contra Costa County.
• Complete CC-MATCH Financial Fitness Education Training.
• Have a credit score of 620 or above.
• Be at least 18 years of age (or will be 18 when you meet your goal).
• Have less than $10,000 in assets per household (your car is not included).
• Meet the following annual income guidelines: