February 25, 2021

HUD: $1.5 Million Awarded to Help Families Improve Their Economic Well-Being

Funding to support education and employment among HUD-assisted families

The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $1.5 million to 13 public housing authorities (PHAs) to help residents of public housing and voucher-assisted housing increase their earned income and savings. See a list of grant funding by state below.

“Today’s funding is a good example of how HUD works to help connect families to jobs and educational opportunities,” said HUD Acting Secretary Matt Ammon. “HUD is committed to helping assisted residents build skills and engage in careers. It is a core part of our mission.”

HUD’s Family Self -Sufficiency (FSS) Program funding helps local public housing authorities to hire Service Coordinators who work directly with residents to connect them with existing programs and services in the local community. These Service Coordinators build relationships with networks of local service providers, who provide direct assistance to FSS participants. The broad spectrum of services made possible through FSS enables participating families to find jobs, increase earned income, and access opportunities to improve their long-term economic well-being.

Participants in the program sign a five-year contract of participation requiring the head of household to set specific goals and achievements allowed under the FSS Program. To successfully graduate, the head of household must be employed and no member of the FSS family may have received cash assistance for twelve months prior to program graduation. Families in the FSS program have an interest-bearing escrow account established for them. The amount credited to the family’s escrow account is based on increases in rent due to improvement in the family’s earned income during the term of the FSS contract. Upon successful graduation, the head of household receives the escrow funds and is able to apply those funds to advance their personal circumstances, including, for example, paying educational expenses or making a down-payment on a home.

Due to COVID, HUD did not receive applications for FSS renewal funding from every eligible PHA with an existing FSS Program. As a result, the Department issued a supplemental Notice of Funding Opportunity inviting those eligible PHAs with FSS Programs to apply competitively for the residual FY 2020 funds.

See the full list of recipients here.

This post was originally published here.