HUD Publishes Proposed Rule for the Family Self-Sufficiency Program
On September 21, HUD’s Office of Public and Indian Housing and Office of the Assistant Secretary for Housing published a proposed rule, “Streamlining and Implementation of Economic Growth, Regulatory Relief, and Consumer Protection Act Changes to Family Self-Sufficiency (FSS) Program” for public feedback. This proposed rule implements changes and streamlines the FSS program, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act. The Economic Growth Act amended HUD’s FSS program including changes to the size calculation for the FSS program, expanding the definition of eligible family to include tenants of certain privately owned multifamily projects subsidized with Project-Based Rental Assistance (PBRA), updating the FSS Contract of Participation (CoP), reducing burdens on Public Housing Agencies (PHAs) and multifamily assisted housing owners, clarifying escrow account requirements, and updating the program coordinator and action plan requirements.
The deadline for submitting comments to HUD is November 13, 2020. If members can have their comments sent to NAHMA staff before 2pm(EST), on November 13, NAHMA can submit a consolidated industry response, based on members feedback.
The Streamlining and Implementation of Economic Growth, Regulatory Relief, and Consumer Protection Act to Family Self-Sufficiency Program Proposed Rule can be found here.
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