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*)**

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

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

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

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

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

$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.

You only need to 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