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What is VIDA?

The Valley Individual Development Account (VIDA) program provides training and support to people as they save for ma jor life and financial goals. VIDA is a partnership between CASA of Oregon and member agencies.

What is an Individual Development Account?

  • An IDA is a matched savings account available to individuals with limited resources and that can be used for specific assets.
  • It is an asset building tool:
  • “An asset is anything of value that can be converted into cash. Assets are owned by individuals, businesses and governments.”
  • IDAs require regular monthly deposits, financial education, and training for your asset.
  • IDAs are case managed by IDA specialists.
 
 

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Why save with an IDA?

  • Get your money matched $3 to every $1 deposited Create the habit of saving
  • Reach goals set personally
  • Build financial skills
  • Further career and household stability
  • Access other assets

What can I save for with an IDA?

  • Post-secondary Education
  • First-Time Home Ownership
  • Home Repair/Rehabilitation

How much can I save with an IDA?

  • You can save up to $1,000 per year
  • Savings period can be from 6 to 36 months
  • The match is $3 to every $1 saved
  • The minimum monthly deposit is $25 ($300 /year)
  • TIP: If you save the maximum of $3,000 over 3 years, that’s $9,000 in matching funds!