Individual Development Accounts
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For more information contact Nancy Glines, VIDA Program Manager: 541-743-7142
St. Vincent de Paul Society of Lane County, Inc. is an equal opportunity provider and employer. |
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. Since 2002, 93 participants have graduated from St. Vincent de Paul's VIDA program, successfully applying their savings to their chosen VIDA goal. Twenty people graduated in 2014.
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:
- Home ownership
- Home repair and rehab
- Post-secondary education
- Work-related specialized training, adaptive 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.
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Finding Paths to Prosperity -- Fall 2017 10-hr Course Classes are free and open to the public. * Minimum of 4 registrants is required. In Cottage Grove: Oct. 3, 10, 17, 24; LCC Cottage Grove Campus; 6-8:30 pm In Oakridge: Oct. 3, 10, 17, 24; Community Room, OMHP, 37775 Berry St.; 6-8:30 pm In Florence: TBA. |
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Home Care & Repair Six hours, 6-8 p.m. in Eugene and by popular demand in outlying communities. The course is required for the VIDA goal: Home repair and rehab. Course topics include home safety, maintenance, working with a contractor and electrician, and referral to resources offering support for the cost of home repair projects. Next opportunity TBA. |