Matched Savings Fund
For many South Floridians, home ownership has been an out of reach dream. PSE created The Matched Savings Fund to help members of our community make their dreams a reality. This program combines financial literacy training with a matched savings fund that can be used toward buying a home or expanding a business. For every dollar up to $1000 saved, we will match it with two dollars.
Eligible households must have a net worth below $10,000 excluding primary residence and one automobile. If you qualify for Temporary Assistance for Needy Families (TANF) or the Earned Income Tax Credit (ETIC) you can participate in this program. You can also apply for the program if your income from the previous year was less than 200% of the current poverty guidelines based on the 2000 Census. The Matched Savings Fund can contribute no more than $2,000 per year to an individual and no more than $4,000 per household per year for a maximum of two years.