Chapter 1 - San Diego Housing Commission
Chapter 1 - San Diego Housing Commission
Chapter 1 - San Diego Housing Commission
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<strong>Chapter</strong> 14 – Self-Sufficiency Action Plan<br />
4. Escrow Accounts<br />
As incentive for families to join the FSS Program, and as a strategy to assist families in building<br />
assets, HUD regulations allow an escrow account to be established on behalf of eligible families.<br />
Eligibility for an escrow account is determined according to a HUD-defined formula using the<br />
family's income data.<br />
As the family's earned income increases and the household rent increases, the FSS Program Analyst<br />
will determine escrow eligibility according to the HUD formula. If the family is eligible for an escrow<br />
account, the FSS Program Analyst will then determine the amount of escrow credits, as appropriate,<br />
on behalf of the participant (in accordance with 24 Code of Federal Regulations 984.304). Escrow<br />
funds are held in the participant's name until requirements for final withdrawals have been met by<br />
the participant.<br />
SHDC may permit FSS participants to make interim withdrawals from the escrow accounts<br />
established on their behalf in order to remove barriers related to the completion of their Career<br />
Plan. The criteria under which FSS participants may make interim withdrawals are defined in Section<br />
F - Support Services.<br />
Participants with balances in an escrow account established by the SDHC on their behalf may apply<br />
for a final withdrawal of funds if the terms of their Contract have been met prior to its expiration<br />
and the participant has:<br />
- Completed the steps in their Career Plan; and<br />
- Provided verification that he or she is employed, and the combined total number of hours<br />
worked per week for the household is at least 32 hours; and<br />
- Certified that all members of the household have not received welfare assistance for 12<br />
consecutive months prior to the Contract end date; OR<br />
- Thirty percent (30%) of the family's monthly-adjusted income is equal to or greater than the<br />
fair market rate for the bedroom size they are eligible for, and the family has certified that no<br />
one is receiving welfare assistance.<br />
5. Career Planning and Personal Development Workshop<br />
The Family Self-Sufficiency Career Planning and Personal Development Workshops are designed<br />
specifically for program participants and facilitated by FSS staff and qualified partners. The topics<br />
covered in the Workshop may include, but are not limited to:<br />
- Skills Inventory<br />
- Values, Attitudes, and Interests Identification<br />
- Goal-Setting and Decision-Making<br />
- Demand Occupations<br />
- Time Management<br />
- Resource Identification<br />
- Career Planning<br />
- Credit and Budgeting<br />
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