Virginia Individual Development Accounts (VIDA)


Update: Currently, the VIDA program is not accepting new applications from savers or prospective intermediaries. At this time, DHCD does not have any additional information on a new program. Please continue to check our website for additional information.
The Virginia Individual Development Accounts (VIDA) program is for individuals saving for a down payment on a home or starting (or expanding) a business. Eligible participants receive training, support and eight dollars in match funds for every one dollar the participant saves, up to $4,000 in match. Interested individuals should contact a VIDA service provider by calling 1-888-VIDA-WIN. Intermediaries determine eligibility and work with enrolled savers to prepare them to achieve their goal of homeownership or business start-up or expansion. Enrollment into the program will depend on eligibility and availability of funding.
VIDA has often been used in conjunction with other DHCD programs including the Down Payment Assistance (DPA) program and the Neighborhood Stabilization Program (NSP) to help individuals and families achieve their dream of homeownership. VIDA also receives funding from the Virginia Housing Development Authority (VHDA), which offers home buyer lending programs.


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


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