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Coalition urges statewide matched‑savings program as proven tool for economic mobility
Summary
Nonprofits, community action agencies and former program participants urged the committee to advance House 11‑58 and Senate 7‑37 to create a statewide matched‑savings program that would help low‑ and moderate‑income households save toward education, homeownership, small business and emergency needs.
A coalition of nonprofits, community action agencies and program graduates told the Joint Committee on Financial Services that House 11‑58 and Senate 7‑37 would scale a proven matched‑savings model statewide to support long‑term financial stability and asset building.
Sen. Jamie Eldridge framed the bill as an anti‑poverty tool rooted in the Asset Development Commission work and pilot programs already run by housing authorities and nonprofit partners. "A family, generally low,…
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