HUD ANNOUNCES $44.4 MILLION TO HELP FAMILIES ACROSS THE U.S.
Funding Aimed at Making Families Employable, Self-Sufficient, First-time Homeowners

WASHINGTON ? Housing and Urban Development Secretary Alphonso Jackson announced $ 44,492,511 in funding today to public housing agencies to states across the country, the District of Columbia and Puerto Rico. The funding will be used to help low-income people get job training, employment and homeownership counseling.

?This funding helps individuals find employment to eventually become economically independent,? said Jackson. ?In fact, many families who take advantage of the support services and escrow-accounts provided under this program have become first time homeowners.?

HUD's Housing Choice Voucher Family Self-Sufficiency (HCV/FSS) program provides funds to public housing agencies to hire family self-sufficiency coordinators. FSS coordinators assist adults who receive rental assistance through the HCV program with job training, childcare, counseling, transportation and job placement programs. Some of the awardees received funding to hire an additional coordinator to assist families who are ready to purchase their first home.

Participants in the HCV/FSS program sign a contract that stipulates the head of the household will get a job and the family will become self-sufficient within five years. While enrolled in the program, as the family's income rises, a portion of that income goes to an interest-bearing escrow account. The resulting savings can be used for down payment on a home purchase, paying educational expenses, starting a business or paying back debts.

HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development as well as enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet and espanol.hud.gov.

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