Matched savings program to assist low-income families save for a home

Held jointly by the participant and STHA at a partner financial institution

Participant contributions are matched 2:1 up to $1,600 per year

Funds are not available for early withdrawal

Eligibility:

• Annual household income within eligible range
• Annual income at least $15,000
• Residents of the 7 County Service Area (Upper Peninsula)

Other Requirements:

• Save at least $70.00 per month while in program
• Attend a series of personal finance and money managment workshops
• Remain in program for at least two years
• Willing to participate in on-going peer support groups
• Savings and match may only be used toward the purchase of a home

For more information regarding this program,

please call the Homeownership Department.

906‑495‑1450 or 800‑794‑4072