Budget Amendment ID: FY2022-S3-822

ECO 822

Matched-Savings Programs

Mr. Eldridge, Ms. Comerford, Messrs. Hinds, O'Connor and Barrett and Ms. Lovely moved that the proposed new text be amended in section 2, in item 7008-1116, by adding the following words:- "; provided further, that not less than $250,000 shall be made available to MIDAS Collaborative Inc. for the purposes of rebuilding from adverse economic consequences from the pandemic as a fiscal intermediary for matched-savings programs for low-to-moderate-income households in partnership with financial institutions, community development corporations, community foundations and other community-based organizations"; and by striking out the figure "$390,000" and inserting in place thereof the following figure:- "$640,000"