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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2020 Adjusted Household Income Limits
| MSA/Metro FMR | 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| Hampton Roads | $46,200 |
$52,800 |
$59,400 |
$66,000 |
$71,300 |
$76,600 |
$81,850 |
$87,150 |
| Franklin City | $37,150 |
$42,450 |
$47,750 |
$53,050 |
$57,300 |
$61,550 |
$65,800 |
$70,050 |
| Henrico Co * | $50,050 | $57,200 | $64,350 | $71,500 | $77,250 | $82,950 | $88,700 | $94,400 |
| Isle of Wight Co | $46,200 | $52,800 | $59,400 | $66,000 | $71,300 | $76,600 | $81,850 | $87,150 |
| Petersburg * | $50,050 | $57,200 | $64,350 | $71,500 | $77,250 | $82,950 | $88,700 | $94,400 |
| Richmond * | $50,050 | $57,200 | $64,350 | $71,500 | $77,250 | $82,950 | $88,700 | $94,400 |
| Southampton | $37,150 |
$42,450 |
$47,750 |
$53,050 |
$57,300 |
$61,550 |
$65,800 |
$70,050 |
* VHCDC Extended Program Service Area
* * * Click Here To Apply * * *
Please allow 10 to 14 days upon receipt to process your application.
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