Individual
Development
Accounts

VIDA Participation

St. Vincent de Paul participates in the Valley Individual Development Account (VIDA) Program, which helps low-to-moderate income households achieve major life and financial goals by saving money, which is then compounded by a generous match of state and federal funds. Participants also receive training and support.

St. Vincent de Paul VIDA Goals:

In partnership with the Matched Savings Program, St. Vincent de Paul’s VIDA participants can acquire one of the following assets:

  • Homeownership
  • Home repair and rehabilitation
  • Vehicle purchase
  • Education/Job training
  • Rental housing deposits
  • Needs based adaptive specialized equipment or technology

Learn more about Individual Development Accounts (IDA’s) by taking the financial education course, Finding Paths to Prosperity. Financial education is required for VIDA participants. Finding Paths to Prosperity is one option, especially for those who live in rural areas of Lane County. VIDA goals vary, depending on the nonprofit provider. Referrals are available.

Finding Paths to Prosperity – 10-hour Course

NOTE: All financial literacy course requirements are met through individualized, one-on-one case management.

 

Contact

Nancy Glines, Program Manager
(541) 743-7142
nancy.glines@svdp.us

Office Hours are 8:30 am to 5:00 pm Monday to Thursday.

 

Upcoming Financial Management Course: October 8, 2022

Do you have questions about spending less, clearing debt or building your credit? Sign up for “Finding Paths to Prosperity,” a free money management course provided by St. Vincent de Paul and a grant from the Cottage Grove Community Foundation! 
 
Besides brushing up on your money management skills, you’ll find out about a matched savings program called the IDA (Individual Development Account). For every dollar saved, five dollars are added from state funds to help you reach one of the above-mentioned IDA goals. This course fulfills one of the training requirements for the IDA!
 
This course is open to all community members free of charge with the help of a grant from the Cottage Grove Community Foundation.
 
This course will be offered on Saturday, October 8, 2022 from 9 a.m. to 4 p.m. with lunch provided. The class will be held at the shepherd Room in the Cottage Grove Community Center at 700 E. Gibbs in Cottage Grove.
 
To register or get your questions answered please call Nancy Glines at 541-743-7142.