Saving for a Home

Individual Development Account Program

• An Individual Development Account, or IDA, is a special savings account for people who would like to save money towards purchasing a home.  If you save in an IDA, your money will be matched $4.00 for every $1.00 saved.
• In addition to earning match dollars, you will learn about budgeting, credit, saving, banking, and more when you open an IDA.
• Participants in the IDA program are required to attend financial education classes.  Account holders may also receive one-on-one counseling, home buyer education and other training with their IDAs.

For more information, Click here, or call 716-884-7791 ext.100 / TDD 711

For upcoming orientation dates, check out the calendar page.

First Home Club

• The Federal Home Loan Bank of New York launched the First Home Clubs ("FHC") in 1995 to help income qualified first-time homebuyers save towards the purchase of a first home.  FHC subsidy funds can be used to provide down payment and closing cost assistance to qualified first-time homebuyers who follow a savings plan and participate in Belmont's homeownership counseling program.
• The First Home Club ("FHC") matches participants savings 4 to 1.  What that means, is you can save up to $1,875, you are matched with $7,500 towards purchasing a home!
• Accounts are opened at local banks, and Belmont has applications for the program.

For more information, 

click here or call 884-7791 ext. 131 TDD 711