Our Goal: $1,000,000
Current Total:
$386,775Virginia Individual Development Account Program
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 $8 for every $1 the participant saves, up to $4,000 in match. VHCDC offers the VIDA program in conjuction with its Home Ownership Assistance Program, where participants must complete twelve (12) hours of housing education and a minimum of two (2) hours of credit and financial counseling, among other requirements. VIDA program enrollees must meet the following additional eligibility requirements.
| Eligibility |
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2021 Adjusted Household Income Limits
| MSA/Metro FMR | 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| Hampton Roads | $47,350 |
$54,100 |
$60,850 |
$67,600 |
$73,050 |
$78,450 |
$83,850 |
$89,250 |
| Franklin City | $37,550 |
$42,900 |
$48,250 |
$53,600 |
$57,900 |
$62,200 |
$66,500 |
$70,800 |
| Henrico Co * | $50,400 | $57,600 | $64,800 | $72,000 | $77,800 | $83,550 | $89,300 | $95,050 |
| Isle of Wight Co | $47,350 | $54,100 | $60,850 | $67,600 | $73,050 | $78,450 | $83,850 | $89,250 |
| Petersburg * | $50,400 | $57,600 | $64,800 | $72,000 | $77,800 | $83,550 | $89,300 | $95,050 |
| Richmond * | $50,400 | $57,600 | $64,800 | $72,000 | $77,800 | $83,550 | $89,300 | $95,050 |
| Southampton | $37,000 |
$42,250 |
$47,550 |
$52,800 |
$57,050 |
$61,250 |
$65,500 |
$69,700 |
* VHCDC Extended Program Service Area
* * * THIS PROGRAM IS ON-HOLD PENDING STATE (VIRGINIA HOUSING) FUNDING. * * *
Please DO NOT submit an application
Last Updated: December 21, 2021
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