State Resources for Residents and Businessowners
In partnership with the California State Treasurer's Office, VITA at UCSB is eager to provide our client base with resources such as state programs for financial wellness and economic development.
Financial Wellness
CalKIDS
CalKIDS is a California state program that helps children save for college or career training after high school. Children born in California starting on July 1, 2022, and eligible low-income public-school students are awarded a CalKIDS college savings account with an initial seed deposit.
CalABLE
CalABLE is a savings and investment plan offered to individuals with disabilities. Eligible individuals, family, friends, and employers can contribute up to $19,000 a year without affecting the account beneficiary's public disability benefits. CalABLE provides individuals with an opportunity to potentially build wealth and gain financial wellness in a way that supports living with a disability.
Economic Development
California Capital Access Program
CalCAP for Small Business is a program that incentivizes participating financial institutions to address the growing and ongoing financing needs of California’s small business borrowers by providing a safety net of matching contributions to loan loss reserve accounts for these lenders. This proven financing mechanism has helped thousands of California small businesses gain financing they otherwise would not have been able to access.
CalCAP Collateral Support is a credit enhancement program which is a part of the State Small Business Credit Initiative (SSBCI 2.0) and provides a risk management tool to financial institutions for use when a small business is in a strong position to obtain capital except for having too little collateral.
GoGreen Financing
GoGreen Financing offers affordable, flexible options to help California renters, homeowners, and businesses and nonprofits reduce their energy bills and shrink their carbon footprints.