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Hud Awards $3,200,000 to Help Families Reach Self-Sufficiency in the Greater Los Angeles Area
By Sentinel News Service
Published February 15, 2019

U.S. Housing and Urban Development (HUD) Secretary Ben Carson awarded $74 million to hundreds of public housing authorities across the country, including $3,226,852 to 14 public housing agencies in the Greater Los Angeles Area, to continue helping public housing residents participating in the Housing Choice Voucher Program and/or reside in public housing to increase their earned income and reduce their dependency on public assistance and rental subsidies. Read more about the local impact of the grants announced.

These grants renew HUD’s support of 688 public housing authorities through the Department’s Family Self-Sufficiency (FSS)) program.  HUD’s FSS program helps local public housing authorities hire service coordinators who work directly with residents to connect them with programs and services that already exist in the local community. The FSS program encourages innovative strategies that link housing assistance with a broad spectrum of services that will enable participating families to find jobs, increase earned income, reduce or eliminate the need for rental and/or welfare assistance, and make progress toward achieving economic independence and housing self-sufficiency.

“One of the most important things we can do as public servants is to help HUD-assisted families achieve their dreams,” said Secretary Carson.  “Working with our local partners, HUD is connecting families to educational opportunities, job training, childcare and other resources that allow them to get higher paying jobs and, ultimately, become self-sufficient.”

“It’s not often that a government program creates incentives that support families moving toward greater self-sufficiency, while also benefitting the local housing authority and the public coffers,” said Regional Administrator Jimmy Stracner. “A recent cost-benefit analysis of a local Family Self-Sufficiency program revealed that over five years it achieved just that – saving tax payers nearly as much as it cost them and netting an average of over $10,300 per participant to help them along that journey.”

FSS participants sign a five-year contract that requires the head of the household to obtain employment and that no member of the household will receive certain types of public assistance at the end of the five-year term.  These families have an interest-bearing escrow account established for them. The amount credited to the family’s escrow account is based on increases in the family’s earned income during the term of the FSS contract. If the family successfully completes its FSS contract, the family receives the escrow funds that it can use for any purpose, including debt reduction to improve credit scores, educational expenses, or a down payment on a home.

The average household income of FSS participants nearly tripled during their time in the program, from $10,000 at the time of entry to more than $27,000 upon program completion.

 

2018 Family Self-Sufficiency (FSS) Grant Awards

 

Region Public Housing Agency Grant Amount
Greater Los Angeles Area Culver City Housing Authority $33,107
  Housing Authority, County of Los Angeles $693,795
  City of Pomona Housing Authority $69,000
  Housing Authority of the City of Los Angeles $755,480
  Anaheim Housing Authority $72,000
  City of Norwalk $36,000
  Orange County Housing Authority $263,507
  Area Housing Authority, County of Ventura $64,750
  Housing Authority, City of San Buenaventura $65,243
  Housing Authority, County of San Bernardino $208,139
  Housing Authority of the City of Long Beach $272,035
  Garden Grove Housing Authority $69,380
  Housing Authority of the City of Santa Ana $138,759
  Housing Authority of the County of Riverside $485,657
  Greater Los Angeles Area Total $3,226,852

 

 

Categories: Business | Economy | Finance | Real Estate
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