VIDA savings accounts amplify your saving power by matching every dollar you save with three more! Qualified applicants will be able to earn up to $3000 (by saving $1000 over 6-12 months) or $6000 (by saving $2000 over 13-24 months). These funds are granted only for the purpose of home purchase by CASA of Oregon and, best of all, never have to be repaid! Qualifying applicants will be required to attend Financial Literacy education, Home Buyer Education and at least one hour of individual Home Purchase Consultation. Other eligibility requirements and limitations may apply and will be discussed at your consultation appointment.
Applicants to the program must:
- Demonstrate the ability to save by setting aside at least $25 per month for three consecutive months
- Enroll in an 8-hour Dollars and Sense Workshop that covers basic budgeting and use of credit, as well as financial planning and asset building
- Meet with a VIDA specialist to determine if they income qualify for the program
For more information about how Willamette Neighborhood Housing Services can help you access the VIDA program, send an email to email@example.com or call us at 541.752.7220.