By Car

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Contact Tamaron Wilson at 440-204-3138

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By Car Application 

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By Car

By Car is funded by the Ohio Finance Fund and matches a client's savings 2 to 1 up to a total of $3,999 to help them purchase a vehicle.  Participants take financial literacy courses as well as learning the costs of owning a vehicle and its proper maintenance. 

Income Requirements
The income eligibility requirements are based on family size and total family income. Participants must meet 80% of HUD Area Median Income guidelines for Lorain County. 

Other Eligibilty Requirements
There are other requirements that must be met in addition to the income requirements to be eligible for participation in the LCCAA By Car Program. To be eligible the applicant must:

  • Be employed or seeking employment or
  • Be enrolled in a training or education program
  • Complete an intake and credit assessment
  • Complete both a credit and budgeting seminar
  • Agree to open a savings account
  • Adhere to the policy of the Individual Development Account (IDA) savings plan
  • Consent to attend monthly account screenings
  • Commit to owning the vehicle for no less than six months
  • Agree to abide by the program requirements
  • Attend a post purchase appointment within 60 days of purchasing vehicle  
    List of Documentation: When Applicable:
    Ohio Driver's License Credit Clinic Certificate
    Two Most Recent Paystubs Financial Literacy Training Certificate
    Most Recent W2s Copy of Purchase Agreement
    Proof of Other Forms of Income By Car-Car Buying/Car Caring Training Certificate
    Income Taxes for Most Recent Year Copy of Car Insurance
    Current Bills (Utilities and Debt) Copy of Vehicle Title

Can Be:

  • Employment
  • Self-employment
  • Social security
  • A combination of any of these

2. Mandatory monthly savings

Participants are required to make regular monthly deposits to grow their accounts

3. Mandatory attendance at monthly financial education classes

Participants will be required to attend a series of financial education classes. IDA participants will gain knowledge and participate in interactive learning, and networking.

4. Mandatory asset development counseling

All participants will be required to meet with a program counselor in order to develop and maintain a personalized asset development plan (includes asset goal, budget, and timeline). 

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