How does the escrow (savings) account work in the Family Self-Sufficiency Program?

In the Family Self-Sufficiency (FSS) Program, an escrow account is established to help participants save money as their earned income increases. When your earned income rises, leading to a corresponding increase in your rent, a portion of this increase is matched and deposited into an interest-bearing escrow account on your behalf. The contribution to your escrow account may increase with each recertification that reflects a rise in your income.

This escrow account grows throughout your participation in the FSS program, which typically spans five years. Upon successful completion of the FSS Contract of Participation, and assuming compliance with the contract's terms—including being free from welfare assistance in the final year of the program—you are eligible to receive the funds accumulated in your escrow account. These funds are tax-free and can be used at your discretion.