FSS Proposed Rule Released

On September 18, HUD pre-published the “Streamlining and Implementation of Economic Growth, Regulatory Relief, and Consumer Protection Act Changes to Family Self-Sufficiency (FSS) Program” proposed rule. The Economic Growth, Regulatory Relief, and Consumer Protection 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. Comments are due 60 days from publication in the Federal Register.