Aspire. Plan. Invest.
IDA Program
Compass’ IDA program provides financial education, financial coaching, and matched savings accounts for working, low-income parents to help them save toward homeownership, small business development, or post-secondary education. Participants commit to a monthly savings goal of $25-$75 and receive a 3:1 match on their savings. At the end of the two years savings period, participants can apply their savings toward an asset purchase.
Compass offers the IDA program in Boston, Brookline, and Lynn and has enrolled 131 participants in this flagship program.