Service Area: Chesapeake, Virginia Beach, Norfolk, Portsmouth, Newport News, Hampton
Program Description: Community members may qualify for Matched Savings Accounts with Individual Development Accounts, helping them to save for homeownership, transportation acquisition, pursuing post-secondary education, small business ownership, or achieving self-efficiency through matched savings and training. Eligible participants receive training, support, and match funding on their savings. For every $1 a participant saves, they receive a $8 match for up to $4,000 in match!
Eligibility Requirements :
i. Must be a current TANF, TANF-VIEW, or TANF-UP recipient AND referred by the local VDSS.
NOTE: Both parents in a TANF-UP household are eligible to participate in the program as long as all RISE eligibility requirements are met.
ii. At least 18 years old.
iii. A US Citizen or legal alien.
iv. A Virginia resident.
v. Savers must have earned income from full-time, part-time wages or self-employment.
vi. Saver must have the ability to deposit at least $25 per month.
