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Find similar grantsVirginia Individual Development Accounts (VIDA) Program is sponsored by Virginia Department of Housing and Community Development (DHCD). The VIDA program helps qualified individuals and small business entrepreneurs secure matched savings to use as capital for starting or expanding a business enterprise.
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Virginia Individual Development Accounts (VIDA) | DHCD Virginia Individual Development Accounts (VIDA) The Virginia Individual Development Accounts (VIDA) program helps qualified individuals save for a down payment on a home. Eligible participants receive training, support and match funding on their savings.
The current match rate is $10 for every $1 the participant saves, earning up to $10,000 in match to be used towards down payment and closings. Individuals interested in saving should contact a VIDA intermediary listed below. VIDA intermediaries determine eligibility and work with enrolled savers to prepare them to achieve their homeownership goals.
Enrollment in the program will depend on eligibility, readiness, availability of funding, and having an intermediary located within your locality. VIDA has often been used in conjunction with other DHCD programs including the Down Payment Assistance (DPA) program and the Acquire, Renovate, Sell (ARS) program to help individuals and families achieve their dream of homeownership. VIDA receives funding from the Virginia Housing (www.
virginiahousing. com), which offers home buyer lending programs.
If you are interested in the VIDA program: Review the income eligibility criteria under the Income Guidelines document Review the VIDA Flyer for additional eligibility criteria If you meet the preliminary eligibility, please use the List of Intermediaries to find a location near you Eligible saver applicants must: Be a U.S. citizen or legal resident and Virginia resident Meet eligible VIDA Income Guidelines and household net worth limits Be able to complete the program within four to 24 months VIDA Program Intermediaries Map Forms and Manuals (for Approved Intermediaries) Application Package Checklist VIDA Candidate Application Form VIDA Income Networth Calculator VIDA Qualified Withdrawal Form VIDA Nonqualified Withdrawal Form Intermediary Home Purchase Withdrawal Checklist Center for Social Development Office of Refugee Resettlement Warning : Undefined array key "route:[language]=en:/VIDA:" in Drupal\Core\Cache\DatabaseBackend->getMultiple() (line 121 of core\lib\Drupal\Core\Cache\DatabaseBackend.
php ). 600 East Main Street, Suite 300
According to the current listing, eligibility includes: Virginia residents 18+, citizens/legal residents, meeting income and net worth guidelines, able to complete program in 4-24 months. Confirm the full requirements in the official notice before applying.
The current listing shows up to $10,000 match. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Virginia Individual Development Accounts (VIDA) Program is funded by Virginia Department of Housing and Community Development (DHCD). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Virginia. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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