Income & Eligibility Guidelines
   
bullet Delawareans Save! has specific income and other eligibility requirements, given below. If you have any questions about these requirements, a program counselor will discuss them with you.
 
Income Eligibility Guidelines 2009:

Total Household Size

Total Household Income (Annual)

1 person

$21,660

2 people (including 0 children)

$29,140

2 people (including 1 child)

$35,463

3 people (including 0 or 1 child)

$36,620

3 people (including 2 children)

$40,295

4 people

$44,100

5 people

$51,580

6 people

$59,060

 

 

OTHER ELIGIBILITY NOTES:

  • You must be a resident of Delaware to participate.  Your household includes anyone who lives and eats together- related or unrelated. 

  • In addition, your total assets must be less than $10,000 not including a primary residence and a car .  

  • Guidelines are for GROSS income before taxes (Adjusted Gross Income from IRS tax form 1040.) Child Support, etc. are not included in income eligibility determination.

  • The household must receive earned income (income from employment.)

  • You may keep your IDA account even if your income increases after you join.        

  • Note: If you are working and receive TANF, you automatically qualify for the program.

Delawareans Save! is administered by First State Community Loan Fund