Title
Public Housing Authority Board to consider the approval and release of Section 8 Housing Choice Voucher Family Self-Sufficiency Program escrow account funds in the amount of $16,831.42 to a participant who has successfully graduated from the Housing Choice Voucher Family Self Sufficiency Program on August 1, 2007, contingent upon County Counsel review and concurrence.
FUNDING: Federal Housing Choice Voucher Family Self Sufficiency Program Funds.
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BUDGET SUMMARY:
Total Estimated Cost $ 16,831.42
Funding
Budgeted $ 16,831.42
New Funding $
Savings $
Other $
Total Funding Available $ 16,831.42
Change To Net County Cost $ 0.00
Fiscal Impact/Change to Net County Cost: No Change.
Background:
As part of the overall welfare-to-work movement, the Federal Department of Housing and Urban Development instituted an incentive program, the Family Self Sufficiency component of the Section 8 Housing Choice Voucher Program, to enable families receiving federal rental housing assistance to transition from dependence on governmental assistance by contracting with their local Public Housing Authority to set aside a portion of earned income into an escrow account to be accessed upon “graduation” from the Program. Previously, families would go onto Section 8 and remain there for life. With the Family Self Sufficiency Program, the obligations and incentives (escrow accounts) to move off assistance are built into the program. Thirty families have successfully “graduated” from assistance in our County. A detailed summary of the Family Self Sufficiency Program, Escrow Accounts and governing regulations is attached.
Reason for Recommendation:
A Housing Choice Voucher Program participant chose to enter into a Family Self-Sufficiency Program contract (HAP #V00052-3-1103) and proceeded to meet her goals as agreed. Human Services received a letter from the participant on July 12, 2006 reque...
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