STATEMENT: Councilwoman Rodriguez Calls for Matched Savings Account to Help Low and Moderate Income First-Time Homebuyers
Councilwoman Monica Rodriguez introduced legislation instructing city agencies to report back on the feasibility of establishing an Individual Development Accounts (IDA) Program — matched savings accounts provided to low and moderate income earners to save toward purchasing a home. The IDA program will complement existing City resources for first-time homebuyers. FOR IMMEDIATE RELEASE: June 20,…