Since 1994, 400 graduates have received more than $900,000 in Family Self-Sufficiency (FSS) escrow savings. This voluntary program is offered to Salem Housing Authority Public Housing and Section 8 voucher participants.
How does this work?
FSS is a five-year program. At your first appointment, you and your FSS Coordinator will set goals and plan on how to accomplish them over the next five years.
With the FSS Program, as your income increases, your rent will increase, too. SHA will place a portion of that rent increase into an escrow savings account. When you have successfully completed your goals, you will receive the balance of your escrow savings account. The majority of participants use this paired with a VIDA to purchase a home or move into unsubsidized housing. Interested in learning more about the resources of the program, check out the SHARP newsletter below.
VIDA Program: Would you like to save for a house? Education? Vehicle? This program will match $3 to every $1 you save! Contact Ann Malfavon at 503-588-6442 for more information and to sign up!
Ready to Rent: Classes are not currently being provided by Salem Housing Authority. Please refer to the following agencies about Rent classes.