MA S737

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

Permits withdrawals for approved purposes including home purchase or rental, post-secondary education, small business capitalization, vehicle purchase, retirement savings, debt repayment, and credit-building

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

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

Requires fiscal intermediaries to ensure account holders include people of color and women proportionate to state population, and to submit annual reports with demographic and financial data within 90 days of fiscal year end