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The document is a pre-application form for the Houston Housing Authority's FSS Homeownership Program. It collects personal information from the head of household, including demographics, income, and credit score, to determine eligibility for participation in the program.

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How is FSS escrow calculated?

The basic escrow calculation comes after a rent calculation has been completed, and both family rent and wages increased. Once this process has occurred, the current Family Rent is subtracted from the base Family Rent listed on the current FSS contract. If escrow is earned, the deposits begin monthly.

What is the HUD fss program?

Family Self-Sufficiency (FSS) is a HUD program that enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies.

What is FSS used for?

Flight Service Stations (FSSs) are air traffic facilities that provide pilot briefings, flight plan processing, en route flight advisories, search and rescue services, and assistance to lost aircraft and aircraft in emergency situations.

How much do you pay for rent on HUD?

The housing voucher tenant must pay 30 percent of its monthly adjusted gross income for rent and utilities, and if the unit rent is greater than the payment standard, the tenant is required to pay the additional amount.

How does the FSS program work in Texas?

The Family Self-Sufficiency (FSS) is a voluntary five-year program designed for families currently receiving housing assistance. Participants in the FSS Program can save money in an escrow account while employed. Upon completing the five-year contract, participants graduate and receive their savings disbursement.

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What is the maximum income to qualify for HUD housing?

FY 2024 Section 8 Income Limits (Effective 04/15/2024) Number of PersonsExtremely Low Income 30% of MedianLow Income 80% of Median 1 $ 29,150 $ 77,700 2 $ 33,300 $ 88,800 3 $ 37,450 $ 99,900 4 $ 41,600 $ 110,9504 more rows Apr 15, 2024

What is HUD special purpose credit program?

Special Purpose Credit Program Requirements The SPCP must target a class of persons who would otherwise be denied credit or would receive it on less favorable terms and explain if the targeted class will be required to demonstrate a financial need and/or share a common characteristic.

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