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FAMILY SELF-SUFFICIENCY
The Family Self-Sufficiency Program is a voluntary program established by HUD to promote economic self-sufficiency among RHA participating families.
Family Self-Sufficiency Specialists assist each participant in developing a Service Plan that outlines their goals for the next five years. Emphasis is on full time employment, credit readiness, and independence from public assistance. While participants work toward their goals; if their rent increases due to earned income the additional rent paid is set-aside in an escrow account. This account may be accessed upon completion of their individual FSS Plan to pursue a business venture, education, or homeownership.
HCVHP (Section 8) holders may be eligible to participate in the Housing Choice Voucher Homeownership Program. Contact: Elias Soria (815) 489-8579, Beulah Tripplett (815) 489-8593, or Karen Bell (815) 489-8531.
Home Buying Classes provide information on credit, mortgages, home inspection, and insurance. (Offered in partnership with the University of Illinois Extension. Contact: Elias Soria (815) 489-8579, Beulah Tripplett (815) 489-8593, or Karen Bell (815) 489-8531.
The Family Self-Sufficiency Program is also available to Winnebago and Boone County HCVH (Section 8). For more information please contact Elias Soria (815) 489-8579.
Click here for a Family Self-Sufficiency Pre-Application.
IDA (Individual Development Account) PROGRAM
This is a partnership with the City of Rockford to provide a matched saving program to help eligible FSS participants save as much as $4,000.00 to use for homeownership. Rockford Housing Authority will match each dollar saved with two more dollars to help participants reach their goals. Contact: Elias Soria (815) 489-8579, Beulah Tripplett (815) 489-8593, or Karen Bell (815) 489-8531.
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