FAMILY SELF SUFFICIENCY PROGRAM
What’s Your Dream?
To start a new job ? Go to school? Improve your credit? Pay off your debt or buy a home?
Achieve financial independence.
Achieve your dream.
The Family Self-Sufficiency (FSS) Program is a voluntary program designed to help Housing Choice Voucher or Project Based Voucher program participants make progress towards economic security.
How does the program work?
You work with a program coordinator to set financial, educational or employment goals and receive resources and services to help achieve your goals and financial independence. You can receive cash bonuses that can add up to thousands of dollars.
The cash bonus comes in a form of an FSS escrow savings account. You are able to “save your raise” – as your income from work increases, your increase in rent is saved in a savings account that you’ll receive when you successfully complete the program.
Watch this quick video to learn more about how it all works. >
Frequently Asked Questions
Will I lose my voucher by joining the FSS program?
No. You may keep your rental assistance if you still need it when you successfully complete the program. If you don’t graduate from the program, you will not lose your voucher.
How does the FSS escrow savings account work?
When you enroll in the program, RIHousing sets up and then manages an escrow savings account for you. An increase in your rent as a result of an increase in income from work will result in a credit to your savings account. Your savings account will also gain a small amount of interest during your time in the program.
If I am not working, but have a household member who is working, does that income count toward my FSS escrow savings account?
Yes. Any increase in your rent due to an increase in household income from work will grow your FSS escrow savings account. To receive these funds at graduation, the FSS participant must also be employed.
Can I add to the escrow savings account?
The only way to add to your FSS escrow savings account is through an increase in income from work. When your rent increases, you will still pay your new, higher rent to your landlord, but that increase in rent will also be credited to your savings account by RIHousing.
Do I have access to the savings account at any time? Who manages this account?
No, you do not have access to the account while in the program. RIHousing manages the account on your behalf. You can request an interim withdrawal during the program only if you plan to use the money to make progress on one of the goals you’ve outlined in your contract. Your eligibility to borrow funds is determined and approved by your FSS coordinator.
Can I use the FSS escrow savings account for emergencies or to pay my rent?
No, you cannot use the FSS escrow savings account for emergencies or to pay for your rent.
What are the graduation requirements?
There are three requirements you must meet in order to graduate from the program. First, you’ll need to be suitably employed at the time of graduation. Second, all household members will need to be free of cash welfare assistance for at least 12 months prior to graduation. Finally, you must have completed the goals you set during the program.
“I was greatful that I was able to use the money from the FSS Program to build my business.”
Christina Rosario
Family Self Sufficiency Program Manager
crosario@rihousing.com
Martha Taveras
Family Self Sufficiency Coordinator
mtaveras@rihousing.com
Theslyn Rodriguez
Family Self Sufficiency Coordinator
trodriguez@rihousing.com
