 |
|
|||||
 |
 |
 |
 |
A SMART Account is an Individual Development Account (IDA) specifically for families participating in New Hampshire Housing's Housing Choice Voucher Program. IDAs are special matched savings accounts for families who are eligible for TANF or the Earned Income Tax Credit. Families may save for homeownership, small business development or post-secondary education.
This is how IDAs work. For every $1.00 deposited, another $3.00 is added. A minimum monthly deposit of $25 of earned income is required and the maximum deposit is $100 a month up to $1,000 per year. Completion of coursework in financial fitness is required in order to open an account as well as yearly to keep the account open.
Contact Charlene Audette at caudette@nhhfa.org or 1-800-439-7247 x 9211 for more information and an application. Other IDA accounts are offered through other community partners.
