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.
VIDA is currently operating on a waitlist basis. Please note average waitlist times are anywhere between 12-24 months.
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 not required for VIDA participants but participants will have the opportunity to attend the class once they are in the program. 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) 972-1103
nancy.glines@svdp.us
Office Hours are 8:30 am to 5:00 pm Monday to Thursday.