Family Self Sufficiency Program(FSSP)
“Exciting”, “innovative”, and “breakthrough” are just some of the words being used to describe the Family Self-Sufficiency Program (FSSP). The goal of this program is to move families from dependence to self-sufficiency within five years. The foundation is a concrete action plan, tailored to the individual family, for attaining this goal. This plan integrates job training, education, day care, and other supportive services with housing assistance and generous economic incentives. A special escrow account is set-up for the participant, with matching HUD money being deposited into this account.
Upon successful completion, the money in the escrow account may be used at the discretion of the participant. The program is without risk. Residential assistance continues even if the participant does not complete the FSS Program. We expect that by combining FSSP with LTRAP’s HomeRun™ Homeownership Program, successful participants will be able to buy their own home; many will use the FSSP escrow account towards the down payment. However, since 2020 federal regulations do not allow a participant to participate in both the FSS and Homeownership Programs at the same time.
For more information on the Family Self Sufficiency Program, please click here.