A Surprising fact: CalWORKS and Saving for a Housing

#fb You can have a bank account with more than $100 in it – if it is restricted for finding housing … first and last month’s rent, deposit on housing, etc. Don’t touch it for anything else – not even to buy a stick of gum. This is from the 2008 SB 1341 that you have probably never heard of.

 SB 1341 by Senator Alex Padilla (D-Pacoima) permits families currently enrolled in CalWORKS to save money in a “restricted savings account” for payment of first and last month rents, and deposits in order to facilitate a successful transition out of homelessness.

Ask your CalWORKS worker for more information.

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