Posted on Monday, September 10, 2018 by Gant Team in Business News, Local News
Thanks to a generous contribution from CBT Bank, a division of Riverview Bank, Central Pennsylvania Community Action Inc., will again be offering the Home Heating Savings Account Program (HHSA) this year to qualified residents in Centre and Clearfield counties.
The HHSA is a dollar-for-dollar match of the saver’s account that will be used to pay heating expenses.
The program is designed not only to assist with heating payments, but also to strengthen the family’s savings habits along with educating them on utility reduction. Qualified Clearfield and Centre County residents may sign up for this valuable program.
In order to receive the matching funds, savers must meet 200 percent of Federal Poverty Income Guidelines, open an account at CBT and maintain a regular savings budget of at least $50 per month for four months. During the program time, an additional $50 may be deposited to give the saver a match of up to $250.
There will be two required budget education sessions, the first, when a saver signs up for the HHSA and the second when the saver fulfills the requirements of the HHSA, prior to a check being released.
Upon completion of the program, a check with what the saver has saved, combined with the matching funds from CBT will be sent directly to the home heating supplier. Both fuel oil and natural gas suppliers will be accepted.
The saver’s savings account with CBT will remain open and can be used without fees, for one year, as the saver wishes.
Interested persons should contact the CPCA Family Services Department at 814-765-1551 for additional information and to get enrolled in the Home Heating Savings Account Program.
Central PA Community Action would like to thank CBT for its generous donation to the program and the ongoing support of the community.