Promoting wealth-building for women in federally subsidized housing: the opportunity in HUD’s Family Self-Sufficiency program
Date: Thursday, October 10, 2019
Time: 12:30 pm - 1:30 pm ET
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-Sherry Riva, Founder and Executive Director, Compass Working Capital
-Heather McCulloch, Executive Director, Closing the Women’s Wealth Gap
-Citi Community Development
About the webinar:
The Family Self-Sufficiency (FSS) program, managed by the U.S. Department of Housing and Urban Development, is a promising but underutilized program with the potential to promote asset building and economic mobility for an estimated 2.2 million families living in federally subsidized housing.
The majority of these households are headed by women who are working or seeking employment and raising children, and a greater share of these are households of color than the U.S. population at large. Families graduate from the program with $6,500 in savings, on average.
Despite the FSS program’s potential, only 3.4% of the 2.2 million households that stand to benefit from the program are currently enrolled. In recent years, a growing network of stakeholders have taken steps to address the barriers that have kept the FSS program small and chart a pathway to expand the program’s scope and impact.
In this webinar, presenters will explore the opportunity in the FSS program, with a focus on the roles that funders and other key stakeholders can play in fully unlocking its potential.