Jennifer Wooden Legs is achieving self-sufficiency by saving for homeownership through her participation in Lakota Funds' matched savings program. Read the full story.

Lakota Tiwahe Family Asset Building Project


The Lakota Tiwahe Family Asset Building Project is a program where low-income participants open a matched savings account, or Individual Development Account (IDA), to be used specifically for building assets. These accounts provide the capital, incentive and support necessary to move individuals and families towards homeownership, business development, or post-secondary education.

How it Works


Once enrolled in the IDA Program, a participant opens their savings account and makes minimum monthly deposits of $25.00 for at least six months and up to two years. Lakota Funds deposits $2.00 for every $1.00 a participant deposits. Participants can deposit up to $1,440, and Lakota Funds deposits up to $2,880, for a grand total of $4,320 to be used towards asset-specific purchases. Upon completion of the program, participants can withdraw their savings to attain post-secondary education, start or expand a business, or purchase a home. All participants attend monthly support meetings and complete asset-specific training.

Eligibility Guidelines


To qualify for the Lakota Tiwahe Family Asset Building Project, your gross household income must fit within the income guidelines below.

Household Size
1
2
3
4
5
6
7
8
Maximum Gross Household Income
$23,340
$31,460
$39,580
$47,700
$55,820
$63,940
$72,060
$80,180

Program Requirements

Steps to Enroll


If you meet the eligibility guidelines, you may take the following steps to enroll in the Lakota Tiwahe Family Asset Building Project.

1. Download and complete the application form.
2. Call 605-455-2500 and schedule an interview appointment with Douglas Patton, Lakota Funds Success Coach.