MA H1158

Establishes matched-savings accounts for Massachusetts households earning up to 80% of area median income, with fiscal intermediaries matching up to $4 for every $1 deposited by account holders

Permits funds to be used for approved economic mobility goals including post-secondary education, home purchase or rental, small business capitalization, vehicle purchase, retirement savings, debt payment, and credit building

Creates the Matched Savings Trust Fund administered by the Secretary of Housing and Livable Communities, funded through legislative appropriations, federal funds, and grants

Excludes account contributions, matching funds, and interest from countable income and resources for public assistance eligibility determinations

Requires fiscal intermediaries to file annual reports with participant demographics (race, ethnicity, gender identity, sexual orientation) and ensure proportional representation of people of color, women, and diverse geographic areas