Virginia Individual Development Accounts (VIDA)


The Virginia Individual Development Accounts (VIDA) program is for individuals saving for a down payment on a home, business equipment and inventory or post-secondary education tuition payments. Eligible participants receive training, support and $2 in match funds for every $1 the participant saves, up to $4,000 in match.

To become a VIDA saver, call 1-888-VIDA-WIN to find a local VIDA service provider near you.   Intermediaries determine eligibility, and then work with enrolled savers to prepare them to achieve their goal of homeownership, post-secondary education or business start-up or expansion.

VIDA receives funding from the Virginia Department of Social Services (VDSS), Virginia Housing Development Authority (VHDA) and the U.S. Department of Health and Human Services – Office of Community Services’ Assets for Independence Grant (AFI).

VIDA has often been used in conjunction with other DHCD programs including Building Entrepreneurial Economies (BEE) to help start a business and Neighborhood Stabilization Program (NSP) to help individuals and families achieve their dream of homeownership.


Eligible saver applicants must:

  • Be a U.S. citizen or legal resident and Virginia resident
  • Be 18 years old or older
  • Meet eligible VIDA Income Guidelines and household net worth limits
  • Have earned income from full-time, part-time or self-employment
  • Be able to complete the program within six to 24 months

Program Resources


Helpful Links


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