Family Savings Account (FSA)


The purpose of the Family Savings Account (FSA) is to assist low-income families or individuals in Pennsylvania to become financially independent by helping them to acquire a long lasting and life changing asset.



  • Purchase of a home
  • Postsecondary education
  • Funding a business startup


Participants may receive up to $2,000 in matching funds.


Service Providers: Nonprofit private and public organizations.

Participants (Savers): An individual or family who resides in this commonwealth and:

  • Is Temporary Assistance for Needy Families (TANF) eligible or
  • Meets the following requirements:
    • Total household adjusted gross income for the twelve months immediately preceding the date of application is not more than 200% of the Federal poverty standard;
    • Or is eligible for the Earned Income Tax Credit (EITC);
    • And whose household net worth does not exceed $10,000.

How to Apply

Service Providers: Customer Service Center, Single Application for Assistance.

Participants (Savers): Contact the FSA Grantee Agency in your area. This listing will be available pending awarding of grants.

Sub Grantee: Please view the Family Savings Account Request For Proposal for further instructions on how to apply.


Enrolled savers are required to save at least $10 per week/average of $40 per month and save for a minimum of 6 months.


How can a family or individual become a saver in the FSA Program?

A family or individual applies to participate in the program through local, non-profit FSA service provider. Once enrolled, savers must attend required workshops on basic financial management and attend structured counseling or technical assistance tailored for their individual savings goals. FSA service providers will conduct these workshops and technical assistance sessions. The required savings amounts, workshops and other savings-related sessions will be agreed upon in an approved savings plan.

Will use of the savings and matched funds be allowed for savings goals other than homeownership, education or starting a business?

No. They are the only goals allowable by federal law.

Where are the savings and match kept?

The service providers must have an agreement with a financial institution to manage a special account known as Individual Development Account (IDAs).

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