Contra Costa – Moving Assets Toward Community Hands (CC-MATCH) is a matched savings program for individuals with low incomes looking to access their first high return asset such as:

• A Home
• Post-secondary Education
• Establishing a Small Business

Since CC-MATCH started in 2004, 98 people have completed the program, met their savings goals and received match funds. Of these, 72 made a down payment on their first home, 17 paid for educational expenses, and 9 invested in their own business. CHDC has leveraged over $17.5 million in assets through matched savings to assist participants in meeting their homeownership, education or small business goals.

First you must complete the Financial Fitness Workshop, be a resident of Contra Costa County, and meet the income eligibility below. Then, working with CHDC’s Financial Coach, you will set a personal savings goal and open an Individual Development Account (IDA) savings account. Once you are enrolled in the savings program, you must make savings deposits for at least 6 months before you can make a withdrawal. For those saving to purchase their first home, we can take into account monthly savings deposits you made prior to enrolling in CC-MATCH.

When you make a deposit, matching funds are also deposited into a separate account, up to a maximum amount determined by the program. Depending on your savings goal, your deposits may be matched at the rate of 2 to 1, or 3 to 1. IDA accounts are generally not available for withdrawal during the savings period. Match funds are disbursed when you reach your savings goal, and are paid directly to the appropriate vendor.

•  CC-MATCH Program Brochure – English
•  CC-MATCH Program Brochure – Spanish