Helping More Families Save Act

This bill creates a pilot program allowing families in HUD housing assistance programs to automatically save rent increases tied to their earned income growth. It establishes interest-bearing savings accounts funded by rent hikes from income gains, with funds accessible after 5 years or when leaving welfare programs. Families earning above 80% of local median income are excluded, and participants can opt out at any time. The 10-year pilot, funded with $2 million, aims to help low-income families build savings without affecting other benefits.