Program to Contribute to Savings Accounts for Low-Income Residents - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

03/31/05

Program to Contribute to Savings Accounts for Low-Income Residents

Almost 22 percent of the people who live in Savannah are below the poverty level. Today a group of local leaders gathered at city hall to help do something about it.

They announced that the US government has turned over $250,000 in grant money to help low-income families start savings accounts. It would help them pay for things like a new home, starting a business or getting a higher education.

For every dollar a person puts into his or her savings, the city will put in $4.

"This is something I think is going to benefit all of us, because we all share a tax burden for people who are left behind economically," said US Rep. Jack Kingston (R-GA Dist. 1).

So far, 48 people have enrolled in the program.

For more information on whether you qualify, contact the Savannah-Chatham Economic Opportunity Authority at 912.238.2960.

Reported by: Michelle Paynter, mpaynter@wtoc.com

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