The New Century Individual Development Account (IDA) Program helps working residents of Forsyth County become first-time homeowners. This program combines asset building and education to teach participants how to manage their money wisely, how to search for and obtain financing for a home, and finally how to find and purchase that home.

The IDA program helps individuals and families in Forsyth County become more financially stable by helping them build assets that will continue to grow in value, rather than depreciate. Participants in the New Century IDA Program receive economic literacy training, first-time homebuyer's training, and support every step of the way, from opening a savings account to the closing table, and beyond. The IDA Program can help low-income families gain a stake in their community and in so doing help eliminate generational poverty.

View pictures from our
IDA Graduation Ceremony



News & Events

Jackie Baldwin, a former client and new employee of Experiment in Self-Reliance (ESR) recently shared the podium at Winston-Salem State University (WSSU) last week with Michelle Obama, who was campaigning for her husband, presidential candidate Sen. Barack Obama (D-Ill.), in advance of North Carolina’s primary election coming up on May 6.


Become A Sponsor of an IDA Class or an IDA event. Please contact us @ (336) 722-9400 ext 402



Who Qualifies

Winston-Salem/Forsyth County residents who would like to participate in the IDA program must meet specific income guidelines. Credit problems can be worked with to an extent, and an individual's credit history should not discourage them from applying to participate in the program. The IDA program is structured so that low-income households can buy a home, and be successful in paying for and owning their own property. Overcoming credit and debt issues is part of this process. Those with credit issues that cannot be cleared in the two years of program participation are given the option to participate in other programs that will help them clear some of these issues before getting started in the IDA program. The program's goal is not only to get Winston-Salem/Forsyth County residents in their own homesbut also to help them be able to stay there.

Program applications are screened for eligibility, and applicants are informed of the results. Those who are accepted are assigned a Success Coach whose job is to guide them throughout their time in the program. Those who are denied are counselled as to the reason for the denial of the application, and ways to improve their eligibility for the program, and they are encouraged to reapply if there is the possibility that they will qualify at a later time.


To participate in the IDA Program, you must:

  • Be a Winston-Salem/Forsyth County resident
  • Provide a completed IDA Application and Consent Form
  • Provide or obtain a recent tri-merge credit report
  • Meet income guidelines and other program requirements
  • Pay the $25 application fee

New Century IDA Team – (336) 722-9400 x410





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