Are you interested in starting a Family Self-Sufficiency Program?
In 2015, HUD authorized Multifamily properties to run FSS programs for the first time.
Compass Working Capital has launched twelve Multifamily FSS programs, more than any other organization in the country. We provide extensive training and TA, tools and templates to incorporate into your program launch, and follow an easy and organized step-by-step process to set you up for success.
Our high-touch partnership model will help you launch a successful program and become an early adopter of FSS.
Steps to Launch a New FSS Program
Get a comprehensive introduction to FSS, the Compass approach, an overview of the FSS launch process and key stakeholders, and how to develop your HUD action plan.
Review data management for FSS and Property Management's FSS responsibilities, Develop FSS program policies and procedures for your program, and get real-life case study examples of participants enrolled in other Multifamily programs.
How to develop & implement surround sound marketing approach, how to plan & facililate FSS orientations, and how to enroll & meet with FSS participants.
Develop & Monitor
How to share escrow with program participants, components of HUD quarterly reporting, and reviewing your FSS program manual.
Early Success with FSS programs in Multifamily Housing
Preservation of Affordable Housing, POAH, a national nonprofit developer, owner and operator of affordable housing, partnered with Compass to implement their asset-building and financial capability model for the FSS program at several sites. Initial results suggest that well-executed FSS programs lead to a significant impact on participating families while also providing a real return on investment to owners.
Multifamily Online Course
Compass has launched a new online course on ‘How to Launch a New Multifamily FSS Program”. This course packages the expertise we have developed in collaboration with multifamily housing owners across the country to launch and operate new FSS programs. This course includes role-specific training for each FSS stakeholder as well as tools and templates to accelerate the program launch process.
This course is ideal for multifamily owners who have:
A Program Manager to lead your team through the course.
In-house financial coaching capabilities or a local financial coaching third party provider.
Are you ready to be ahead of the curve and help your residents become financially secure?
Want to be one of the first Multifamily Owners to launch an FSS program?
Take a look at our Partnership Development Manager's schedule and set a time to chat that works best for you.