Family Self-Sufficiency (FSS)-ANSWER KEY 2

ANSWER KEY 2 - FSS Calculations

Pdf Summary

The document details the financial circumstances of four families involved in housing assistance programs, focusing on their income, deductions, rent obligations, and potential escrow credits.

<h3>Hernandez Family</h3>
David Hernandez, a single father with three children, works full-time as a security guard. He receives a child support payment and a small annual bonus, with significant credit issues resulting from a divorce. His family's adjusted annual income before a recent raise and promotion stood at $26,323, with a Total Tenant Payment (TTP) of $658. After re-evaluation, his income increased due to a raise and a larger bonus, adjusting their income to $33,950 and a TTP of $849. An escrow credit is calculated at $188 due to increased earned income since joining the Family Self-Sufficiency (FSS) program.

<h3>Smith Family</h3>
Jennifer and John Smith live in public housing with their two children. Jennifer receives disability payments and works from home, while John has stable employment in construction. Their adjusted income prior to re-examination was $37,594 with a TTP of $940. Jennifer’s social security income increased during re-evaluation, slightly adjusting their income and TTP to $37,944 and $949, respectively. The family does not qualify for an escrow credit as their income changes do not meet the program requirements.

<h3>Chinn Family</h3>
Emily Chinn, a single household member on a Housing Choice Voucher, reported reduced income due to job loss, primarily sustained by unemployment benefits. Her adjusted annual income is now $11,200 with a corresponding TTP of $280. She does not qualify for an escrow credit due to unchanged or reduced earned income.

<h3>White Family</h3>
India White, a young mother of four on TANF, supplements her income with a summer job, which impacts her annual income. Her adjusted income is calculated at $7,947, with a TTP of $199. Her family's potential escrow credit is evaluated at $127, based on increased earned income from seasonal work.

Keywords

housing assistance

financial circumstances

escrow credits

income adjustments

Total Tenant Payment

Family Self-Sufficiency

public housing

Housing Choice Voucher

unemployment benefits

seasonal work