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Vermont Matched Savings

Helps you save money for a specific goal like buying your first home, pursuing higher education, starting a micro business, or fixing a car so you can work.

Who Is Eligible

Eligibility is based on household income and assets:

  • Your gross household income can be up to 200% of the Federal Poverty Level.
  • At least one family member must have earned income through a job or self-employment.
  • You can have up to $10,000 in personal assets, not counting the home you live in and one vehicle.

If Your Application Is Approved

  1. Program staff help you plan to save up to $1,000 over a two-year period.
  2. The program matches every dollar saved (up to $1,000) with one dollar.
  3. You attend classes to help you learn how to manage your finances.
  4. You can access your matched funds after you've saved for at least 12 months and have a written plan showing how you'll spend the money to reach your goal.

This means that if you:
- Save the allowed maximum of $1,000    +
- The program gives you a match of $1,000 =
You'll have $2,000 saved to help you achieve your goal.

How To Apply

Contact your local Community Action Agency.