Virginia Housing and Community Development Corporation
VIDA
Virginia Individual Development Account
Virginia Individual Development Account (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, up to $10,000 in match. VHCDC offers VIDA in conjunction with its Home Ownership Assistance Program, where participants must complete fifteen (15) hours of housing counseling and education, including credit and financial counseling, among other requirements.
Eligibility
- Be enrolled in the Home Ownership Assistance Program (HOAP)
- Be a U.S. citizen and 18 years old or older.
- Be a resident of Hampton Roads.
- Have verifiable net worth less than $10,000 and less than $10,000 in liquid assets.
- Meet eligible VIDA household income limits below.
- Have verifiable earned income from full-time, part-time, or self-employment.
- Demonstrated ability to make monthly deposits of $40 or more.
- Demonstrated ability to complete the program (purchase a home) within 24 months.
- Purchase a home in Virginia and remain fully compliant with VHCDC VIDA and HOAP enrollment requirements.
2026 Adjusted Household Income Limits
| MSA/Metro Area | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Hampton Roads | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 | $106,850 | $113,750 |
| Franklin City | $53,800 | $61,450 | $69,150 | $76,800 | $82,950 | $89,100 | $95,250 | $101,400 |
| Henrico County | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 | $112,600 | $119,900 |
| Isle of Wight County | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 | $106,850 | $113,750 |
| Northampton County | $48,350 | $55,250 | $62,150 | $69,050 | $74,600 | $80,100 | $85,650 | $91,150 |
| Petersburg | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 | $112,600 | $119,900 |
| Pittsylvania County * | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 | $79,250 | $84,350 |
| Richmond | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 | $112,600 | $119,900 |
| Southampton County | $53,800 | $61,450 | $69,150 | $76,800 | $82,950 | $89,100 | $95,250 | $101,400 |
| Surry County | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 | $106,850 | $113,750 |
| Northern VA/DC/MD | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 | $132,450 | $141,000 |