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Matched Savings Accounts

Sustainability is an issue that every matched savings program will face at one time or another. For this reason, this should be a focus area for our state efforts in supporting both state and federal policies to help aid Texas matched savings programs through the years. Below are two specific policies that the Matched Savings working group will support and promote regarding matched savings programs if they are introduced in the current session.

• State legislation to help provide funding opportunities at a non-federal level and designed to reach as many Texas matched savings programs as possible.
• Federal legislation to help support the re-authorization of Assets for Independence program (AFI) with recommendations that would make the program more accessible to Texas groups.

There will be many opportunities to get involved and take action to promote the Matched Savings Accounts legislation as early as fall 2010. Visit this page often for updates and action items, or join the Matched Savings Accounts Campaign working group to receive the action items and updates by email.

Current Bills Related to Matched Savings in the 2013 Legislative Session

The following bills were filed during the 83rd Legislature.

HB 445 Rep. Dukes
Relating to the creation of the individual development account program to provide savings incentives and opportunities for certain foster children to pursue home ownership, postsecondary education, and business development 

SB 980 Senator Davis
Relating to the creation of the individual development account program to provide savings incentives and opportunities for certain foster children to pursue home ownership, postsecondary education, and business development.