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S 970119th CongressIntroduced
Helping More Families Save Act
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Helping More Families Save Act establishes a pilot program to expand escrow accounts for low-income families to build savings through rent increases from earned income.
Key Points
- 1Creates pilot program for 25 entities serving up to 5,000 families
- 2Allows escrow of rent increases from earned income
- 3Permits withdrawals after 5 years or for self-sufficiency goals
- 4Excludes families with income over 80% of area median
- 5Requires study and evaluation after 8 years
Impact Areas
Low-income housing recipientsHousing assistance programsFamily self-sufficiencyHousing authoritiesPoverty reduction initiatives
Generated by kwaipilot/kat-coder-pro:free on Nov 19, 2025