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Communities First seeks $5 million to scale 'Family Mobility Savings' program that builds emergency savings
Summary
Communities First asked the subcommittee for a $5 million, three‑year appropriation to expand a program that pairs financial literacy and coaching with matched deposits; the group reported that 94% of accounts set up still held funds and administrative costs would not exceed 10% of the request.
Communities First told the House subcommittee it seeks $5 million over three years to scale its Family Mobility Savings Program, which combines financial‑literacy coursework, coaching and incentive deposits to help low‑ and moderate‑income Michiganders build emergency savings.
Joel Arnold described program outcomes from…
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