DHCD Releases 2020 Virginia Individual Development Accounts Annual Report

The Virginia Individual Development Accounts (VIDA) program serves as a financial education and matched savings program to assist low-wage earners, helping participants save money, increase their financial knowledge and build their wealth with the purchase of an asset. Participants access the VIDA program services by working with intermediaries that function as “coaches,” helping them become enrolled, trained and graduate through the program. Over the course of 2020, there were 10 organizations under contract for the program, and DHCD has released an annual report that further explains the program’s structure and highlights success stories from recent VIDA participants. Check out the report below!

Click here to learn more about eligibility, resources and helpful links, specifically the FY22 How-to-Apply Webinar!