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Grant To Help ND Individuals Set Savings Accounts

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Grand Forks, N.D. (AP) The U.S. Department of Health and Human Services has given a North Dakota organization a grant to help low-income families save money for the first time.

The agency on Wednesday awarded the $143,000 grant from its assets for independence program to the group Red River Valley Community Action in Grand Forks.

The grant will help individuals in the program set up savings accounts, in which every dollar deposited by a participant is matched to a certain amount by the federal government or the private sector.

Individuals in the program will also receive education to help them become financially self-sufficient.


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