Home Ownership and Family Self-Sufficiency Programs
What are your short-term goals?
What are your long-term goals?
Would you like to own your own home?
Have you ever wanted to further your education?
Would you like to improve your income and improve your financial status?
HACEP proudly offers more than a hand out, but a hand up to economic self-sufficiency through a variety of programs that promote higher education, employment, English as a Second Language, GED classes, and financial literacy. For those families who wish to permanently move out of Public Housing or the Housing Choice Voucher Programs, HACEP offers Family Self Sufficiency (FSS) programs that also help our residents and clients make their dreams come true.
Housing Choice Voucher (HCV) Homeownership Program
The Housing Choice Voucher (HCV) Homeownership Program is designed to expand homeownership opportunities for HCV participants. The program will assist HCV participants to transition from rental assistance to homeownership using their voucher assistance. The HCV Homeownership Program is available to all voucher holders who meet the minimum requirements and qualifications set forth in the HACEP Adminstrative Plan and who have the ability to independently secure a mortgage loan. The number of participants served through the HCV Homeownership Program is currently limited to the parameters set forth in the HACEP Administrative Plan and is for HCV participants only.
Family Self-Sufficiency (FSS) Program
The Family Self-Sufficiency (FSS) Program is a holistic approach to helping HUD-assisted families make progress towards self-sufficiency that combines work-promoting case management to help families access the services they may need to increase their earnings with a strong financial incentive (in the form of an escrow account) for families to increase their earnings. FSS has proven to be very successful in helping low-income families build assets and substantially increase their earnings and become homeowners.
FSS is a voluntary program open to adults residing in Public Housing or the Housing Choice Voucher programs. Upon enrollment, individuals meet with an FSS Coordinator who helps the individual develop a five-year training and services plan that charts the steps they needs to take to acquire and maintain employment, increase their earnings, become independent of welfare assistance, and achieve other individual goals (such as homeownership). As the family’s earnings increase, the family rent goes up. However, an amount roughly equal to the increase in rent due to the family’s increase in earnings transfer in to an escrow account that the family receives upon successful graduation from the FSS Program. The FSS Program is available to both HCV and Public Housing participants.
Eligibility Requirements for Both Programs
- Must complete homeownership counseling.
- Be a first time home buyer.
- Meet income limits specified by HUD.
- Current participant in HACEP’s Housing Choice Vourcher or Public Housing Programs.
FSS Points of Contact
Housing Choice Voucher (Section 8) Family Self-Sufficiency Program Coordinator:
Public Housing Family Self-Sufficiency Program Coordinator: