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Find similar grantsFamily Self Sufficiency Program (FSS) is sponsored by Oklahoma Housing Finance Agency (OHFA). The FSS program offers participants the opportunity to save money, increase earned income, and reduce dependency on public assistance.
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Family Self Sufficiency Program - Oklahoma Housing Finance Agency Lenders/Real Estate Agents Board of Trustees Agendas Annual Reports/Financials/RFPs Participants in OHFA’s Family Self-Sufficiency program take steps toward the achievement of their goals. The FSS program encourages financial growth for tenants participating with the Section 8 program.
Participants sign a 5-year contract and develop a plan of success designed to fit their specific needs. They work toward the achievement of these goals while receiving support from OHFA and FSS Specialists. FSS is voluntary and participating does not affect your rental assistance.
Current Program Statistics Family Self Sufficiency interest letters are sent to eligible Housing Choice Voucher participants when there are available openings. If you currently receive rental assistance from OHFA, call (405) 419-8171 to check eligibility for the FSS program.
FAMILY SELF-SUFFICIENCY NEWS AND RESOURCES OHFA Evaluates Impact of 21st Century ROAD to Housing Act Announcements , Developers , Featured , fss , Homeowners , Housing Development , Housing Stability Program , News , News on 8 , Renters , Uncategorized HUD Issues New Guidance on Service Animals Announcements , fss , Housing Choice Voucher , News , News on 8 , Renters Affordable Housing Is the Foundation of Oklahoma’s Future Announcements , Developers , Featured , fss , Homeowners , Housing Development , Housing Stability Program , News , News on 8 , Renters , Uncategorized Family Self Sufficiency Program The Family Self Sufficiency program offers participants the opportunity to save money, increase earned income, and reduce dependency on public assistance.
A participating family must receive Housing Choice Voucher rental assistance through OHFA. OHFA establishes an escrow savings account for those who qualify. Increases in earned income during participation result in a credit to the account.
Only families who are employed and increase their earned income will qualify for this savings account. Upon graduation from the 5-year program, families may access the escrow funds and utilize them for any purpose including better transportation, housing expenses, and continuing education. Qualified participants may choose to participate in the Housing Choice Voucher Homeownership Program.
Housing Choice Voucher Homeownership FSS participants may choose to enter the path toward homeownership. In this instance, funds formerly allocated to paying a portion of the rent goes toward the paying of a mortgage. Must be a first-time homebuyer.
Must be currently receiving Housing Choice Voucher rental assistance through OHFA. Credit counseling and homebuyer education is required. Individuals must be working full time with an income of at least $14,500 to participate.
Exceptions are made when the head of household is older than 62 or receiving disability income. OHFA's Family Self Sufficiency and Homeownership Team will lead you every step of the way. Homebuyers may select any home they would like anywhere in the state.
Get in touch with our FSS and Homeownership Team
According to the current listing, eligibility includes: Families receiving Housing Choice Voucher rental assistance through OHFA who are employed and increase their earned income. Confirm the full requirements in the official notice before applying.
Family Self Sufficiency Program (FSS) is funded by Oklahoma Housing Finance Agency (OHFA). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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