Lubert IDA Homeownership Program

Lubert IDA Homeownership Program is sponsored by United Way of Greater Philadelphia and Southern New Jersey (with support from Mr. Ira Lubert). This program helps individuals and families purchase their first home through a 2:1 savings match. For every $2,000 saved, United Way matches with $4,000, assisting with homeownership goals.

IDA & Match Savings Program - United Way of Greater Philadelphia and Southern New Jersey You are using an outdated browser. It is limiting your browsing experience. Learn how to upgrade your browser .

Digital Navigator Network Violence Prevention Hotline Volunteer Income Tax Assistance IDA & Match Savings Program Center for Leadership Equity Our Focus — Long-Term Achievement New beginnings start here. It’s difficult to plan for a bright future when you’re always stuck trying to survive the day-to-day.

This is the problem facing thousands of families in our region, making it difficult to rise above challenges and realize a better tomorrow. With United Way’s Match Savings Program, an individual’s or family’s deposits are matched by donations from our community partners.

That way people in need can pay for their immediate expenses while building toward their long-term goals like homeownership, education, or even opening a small business. By giving to United Way, you’ll provide the foundation families need to start building their own wealth. Match savings programs help families build wealth and achieve lifelong economic stability.

Your support fuels the Lubert IDA Program to make match savings possible. Because nobody can predict the future. But you can prepare for it.

individuals can match their savings 2:1 to purchase a new, first home (save $ 2,000, match $4,000) individuals can match their savings 3:1 toward post-secondary education (save $1,000, match $3,000) small businesses can match their savings 2:1 to help their business be successful (save $1,500, match $3,000) Nearly 40% of American adults say they would struggle to cover an unexpected $400 expense, according to the Federal Reserve.

An emergency like that can force families to borrow money, fall deeper into debt, or delay paying for basic needs. To help more families build financial stability, United Way, with the support of generous donors, launched the Emergency Savings Match Pilot Program. The program offered participants a 4:1 savings match – for every $1 saved, participants received $4 in matching funds, up to $800 total.

This match provided a crucial financial cushion to help families weather emergencies and stay on track toward long-term goals. The three-year pilot, which concluded on September 30, 2025, was implemented in partnership with Clarifi , Open Hearth , and Parkside Business & Community in Partnership .

We are deeply grateful to the generous supporters who made this pilot possible: Citizens Bank, Kimberly-Clark Corporation, Lincoln Financial Foundation , and an anonymous donor. A full report on the program’s outcomes and impact will be shared soon. Our Lubert IDA program is one of the most essential initiatives in our region to reduce the wealth gap and help families move toward financial security.

View the Lubert IDA Impact Summary has been saved + matched by individuals and families who participated in the program in FY23 people graduated through the IDA Program in FY23 individuals and families have participated in the program since 2018 When it comes to building wealth and economic mobility, there’s no place like a home. Homeownership is a transformative way for families to build their wealth, and leave poverty in the past.

The Lubert IDA Homeownership Program helps individuals and families purchase their first home through a 2:1 savings match. So if they save $2,000, we match $4,000. “It wasn’t always easy, but thanks to United Way and Mr. Ira Lubert’s support of the IDA program, my family has a safe place to call home.

” Whether they’re creating jobs or providing essential goods and services, small businesses are the backbone of our economy. To help them grow and prosper, we’ve partnered with The Wharton School and the University of Pennsylvania. Through our Lubert IDA Small Business Ownership Program, entrepreneurs can receive a 2:1 match.

So when they save $1,500, we match $3,000. Education opens doors and creates opportunities. The Lubert IDA Post-Secondary Education Program provides a powerful incentive for individuals by matching their savings for education 3:1.

So when they save $1,000, we match $3,000. And signs show it’s working – participants in the program complete post-secondary education programs at a higher rate than their peers. “This program really taught me to plan and make sure that I get to the bank every single month and deposit a very doable amount of money.

I learned saving pays off in the future. ” – Xiaoying Wu, Student at Drexel University Thank you to our partners. We’re proud to spearhead this invaluable initiative helping people across our region.

But we’re not doing it alone. As coordinators, we provide management and oversight alongside our many partners who provide one-on-one case management, financial education, and asset-specific counseling for those in need. We would like to give special thanks to Ira Lubert for his generous endowment to the Lubert IDA program, whose support will continue opening new doors for families in need, well in the future.

Lubert IDA Community Partners: Emergency Savings Community Partners: Open Hearth (Montgomery/Chester County) Parkside Business and Community in Partnership (Camden) Empowering Dreams with a Matched Savings Program Stability has always been a top priority for Akirah. Having moved more than 20 times before the age of 25, she was determined to provide...

Tackling Poverty by Building Generational Wealth: An In-depth Look at the Lubert IDA Program The Lubert Individual Development Account (IDA) program is one of the most important initiatives in our region. It seeks to help everyone in the UWGPSNJ...

Invested Together: Helping Individuals Through Matched Savings Low-income families face systemic barriers to building assets partly due to challenges with accessing capital, labor market segregation, and extractive practices and policies. This is...