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A new program wants to help 90 low- to moderate-income individuals purchase homes, cars, invest in small businesses or go to college.

A Free to Save grant of $525,541 from the Sherwood Foundation will provide a 4-to-1 savings match through the program, which will be run by Community Action Partnership of Lancaster and Saunders counties.

Participants save up to $1,000 of their own money, which will be matched with an additional $4,000, raising the total investment to $5,000.

Along with that, participants will complete 12 hours of financial education, and be allowed individual financial assistance, with the goal of reaching their own savings goals.

The program is slated to begin in early next year, targeting those with annual income at or below 200 percent of the federal poverty level, and a net worth of less than $10,000. 

To complete an application, or to find out more, visit communityactionatwork.org/programs/financial-and-family-well-being/free-to-save.html, or call Andrew Ritta, 402-875-9351.

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Newsroom intern

2018 fall semester intern at the Journal Star.

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