The Valley Individual Development Account (VIDA) programs gives low income families an opportunity to establish special savings accounts that can be used to purchase a home, start a business, or fund education and job training.

To be eligible for the VIDA program, families must earn 200% or less than the national poverty level and have a net worth of less than $10,000. Every dollar saved during a three year period is matched 3-to-1, up to a total of $4,000 in matched funds. The savings and matching funds must be accumulated and used within a specified period. In addition, applicants must:

      Demonstrate the ability to save by setting aside funds for three consecutive months

     
Save a predetermined amount monthly

     
Enroll in a 12 hour financial literacy class that covers basic budgeting and use of credit, as well as financial planning and asset building

Participants receive an average of 10 hours of follow-up training and casemanagement.

For more information about how the Mid-Columbia Housing Resource Center can help you access the VIDA program, please call Veronica Serrano at 541.296.5462