Page 14 - 2018 NHHFA Annual report
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ASSISTED HOUSING
NHFFA Family Self-Sufficiency Program case worker Brooke Rubner met with FSS
ew Hampshire graduate Kareem in Dover before he headed off to work as an apprentice electrician.
Housing provides Photo: Robert Jenkins
direct assistance to low-in-
come households, helping
them obtain decent and HUD also supports a program in financial fitness, career and work-
affordable housing through which a voucher is used toward place, computer literacy, buying and
HUD’s Housing Choice homeownership. Voucher use for maintaining a used car, homeowner-
Voucher (HCV) program. homeownership mortgage assis- ship, and more.
This program helps prevent tance has allowed hundreds of
homelessness by offering participants to purchase their own FAMILY SELF-SUFFICIENCY
stable housing for thou- homes. Many participants graduate PROGRAM
sands of Granite Staters. from the program into financial The Family Self-Sufficiency (FSS)
Program offers financial and
Through the voucher independence and no longer need employment coaching to Housing
program, a qualified assistance, freeing up vouchers for Choice Voucher participants who are
household pays a portion the next household on the list. There working full- or part-time. As their
of their income toward rent are currently 158 Housing Choice household earned income increases,
and utilities, and NHHFA Voucher homeowners. matching funds are deposited into an
pays the balance directly to FINANCIAL EDUCATION escrow account for the participant
the landlord. Our ongoing AND COUNSELING to use upon successfully completing
challenge is how to assist Find Financial Freedom (FindFinan- the program.
as many households as cialFreedom.org) offers interactive,
possible given that there online training that helps users learn During FY2018, the FSS Program
is a limited number of how to build assets, manage money, enrolled an additional 55 house-
FY 2018 NHHFA ANNUAL REPORT applying for the program, viduals can receive coaching, and 24 graduates who each received an
holds, for a total of 197 participating
available vouchers. Due to
improve credit-worthiness, and
in the program. The program had
the number of households
prepare for homeownership. Indi-
average of $5,590 in escrow funds
an applicant’s time on the
set up and maintain their household
upon graduation.
waiting list can stretch to
budget on the secure website. Also
as long as nine years.
available are online resources on
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