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PA Bulletin, Doc. No. 01-1676



FY 2001-02 Family Savings Account Program Workshop

[31 Pa.B. 5273]

   Act 23 of 1997 established the Commonwealth's Family Savings Account (FSA) Program. The FSA Program, based on the concept of the Individual Development Account (IDA), is a Statewide community building initiative established for the purpose of promoting economic self-sufficiency for lower-income Commonwealth residents through a matched savings program. State and Federal funds totaling $4.5 million are available for the FSA Program for FY 2001-02.

   The FSA Program is a key component of Governor Ridge's Project for Community Building and is designed to help people build assets for increased self-sufficiency and long-term economic security. The FSA Program encourages asset development and savings by matching the savings of families whose incomes are up to 200% of the Federal poverty level. The matched savings can be used to help finance the purchase of a new home, pay for education expenses, entrepreneurial or other activities based on an approved plan, which includes participation in a minimum of four workshops in basic economic literacy.

   Savers participating in the FSA Program will receive a 50% match from both State and Federal funds, for a total 100% savings match, up to $1,000 per year or $2,000 for a full 2-year participation for approved eligible activities.

   Service providers are limited to nonprofit organizations. Applications will be accepted from organizations with service areas covering any of Pennsylvania's 67 counties.

   The Department of Community and Economic Development (Department), Office of Community Services, has scheduled a workshop in Harrisburg, PA on October 11, 2001, for the purpose of providing FSA Program information to interested applicants. Application information, including the Project for Community Building Single Application for Assistance and FSA Program Guidelines and Addendum, will be provided at the workshop. Staff will be available to provide instruction and guidance on the specifics of the proposal writing process to help applicant agencies prepare and write technically acceptable proposals.

   Potential applicants must attend the workshop. Applicants can register for the workshop, to be held October 11, 2001, from 10 a.m. to 12 p.m. in Hearing Room 1, 2nd Floor, Commonwealth Keystone Building (North Street Entrance elevators), 400 North Street, Harrisburg, by contacting Elizabeth Hoch at (717) 720-7433 or through e-mail to by October 9, 2001. Workshop space is limited to 100 persons. No more than two persons should attend from each organization. There is no registration fee for the workshop; however, preregistration is requested. Space will be filled on a first-come, first-serve basis for those not preregistered. Persons with a disability who wish to attend the workshop and require an auxiliary aid, service or other accommodation to participate in the workshop, should contact the Office of Community Services at (717) 787-1984 to discuss how the Department may best accommodate their needs.


[Pa.B. Doc. No. 01-1676. Filed for public inspection September 14, 2001, 9:00 a.m.]

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