The Department of Housing and Urban Development (HUD) established the Family Self-Sufficiency Program (FSS) in 1990. The purpose of this program is to help families (with the help of community services) become self-sufficient by attaining established goals. In this 5-year program (some families need less time), families can establish an escrow account (a savings account) that is often used to help pay for such things as a college education, a car, and/or the down payment on a new home.
The Family Self-Sufficiency Program is the program you have been waiting for! This program represents the largest asset-building program in the country. Over 30% of FSS graduates across the country become homeowners. Their earned incomes increase as much as 300%.