Motion seeks study of adding investment accounts to Opportunity L.A. savings program
Councilwoman Monica Rodriguez asks city staff to study letting families contribute funds that grow for college, training or a first home.
Families with children in the city's Opportunity L.A. savings program could gain accounts that grow over time and pay for post-secondary education, career training or a first home. Councilwoman Monica Rodriguez asks the Community Investment Department to report on feasibility, account types such as 529 plans, and possible matching funds.
What happens next
Community Investment Department to report back to the City Council if the motion is adopted
Named in this record
Monica Rodriguez14- Community Investment Department 13
- Los Angeles Unified School District
- City Administrative Officer 66
- Chief Legislative Analyst 26
- Opportunity L.A.
- Civil Rights, Immigration, Social Services, and Neighborhoods Committee
Monica Rodriguez
Photo: Prayitno / Thank you for (12 millions +) view from Los Angeles, USA, CC BY 2.0, via Wikimedia Commons
