VERMONT MATCHED SAVINGS | BROC COMMUNITY ACTION
Offers a matched savings program designed to help low-income families and individuals save for and acquire a significant asset. A Vermont Matched Savings account is a 2-year program in which participants start a savings account of up to $500 per year. The program will give $1.00 for each dollar saved, capped at $1,000. These savings can be used for buying a home, repairing a home (home cosmetics not included), purchasing or repairing an automobile that is used for work-related transportation, start up or expansion of a small business, pursuing a post-secondary education or career/job training program, and purchasing tools of the trade, i.e. carpentry or mechanic tools. Must save for a minimum of one year before savings are matched. Program savings do not count as assets when applying for Reach Up and 3SquaresVT.
Last Assured
03/21/2024
Physical Address
45 Union Street, Rutland, VT 05701
Hours
Monday-Friday: 8:00am-4:30pm
Fax
(802) 775-9949
Voice
Application process
By Telephone; Appointment Required
Eligibility
Household must have earned income to save and less than $10,000 in assets, excluding primary dwelling and one automobile
Agency info
BROC COMMUNITY ACTION
BROC Community Action is a low-income advocacy and services organization serving Rutland and Bennington counties. Programs include family stabilization and development; education, training and job creation; affordable housing, and energy conservation.