FAMILY SELF SUFFICIENCY

AND HOUSING CHOICE VOUCHER HOMEOWNERSHIP

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 Coordinators. FSS is voluntary and participating does not affect your rental assistance.

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.

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A participating family must receive Housing Choice Voucher rental assistance through OHFA.

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OHFA establishes an escrow savings account for each participating family, Increases in earned income during participation result in a credit to the account.

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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.

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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.

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Must be a first-time homebuyer.

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Must be currently receiving Housing Choice Voucher rental assistance through OHFA.

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Credit counseling and homebuyer education is required.

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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.

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OHFA's Family Self Sufficiency and Homeownership Team will lead you every step of the way.

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Homebuyers may select any home they would like anywhere in the state.

QUESTIONS?

Get in touch with our FSS and Homeownership Team

405-419-8171