Homeownership
The Homeownership asset class allows the VIDA participant to save for costs related to first time homeownership, including closing costs, down payment, and certain other acceptable fees. Your VIDA Coordinator will work with you to help determine the best use for your VIDA account and how to access the funds.
Participants in this asset class are required to complete the Financial Literacy class along with the ABC's of Homebuying class. In addition, participants must be able to purchase their home within 6 months of graduating.
The maximum match allowed for Homeownership is $9,000.00.