Brief: Allow working families to build savings accounts for use as a future down payment.

Description: Savings accounts designed for wealth building can be established and administered by either employers or public agencies. Accounts could potentially be targeted for use as a down payment on a home or other long term asset. Programs utilizing such accounts can employ the use of matching funds and other incentives that encourage routine or mandate deposits.

Worker Income Security Program, Los Angeles, CA
For employees earning less than $28,000, participants are required to save at least $20 per month in their IDA; in return, they receive a 2:1 match on their investment up to $40 per month.