Friday, Sep 23 2011 2:21PM
HUD invests $60 million to promote rural growth
The U.S. Department of Housing and Urban Development (HUD) announced it will provide $60 million to public housing agencies nationwide through its Housing Choice Voucher Family Self-Sufficiency (HCV/FSS) Program.
The coordinators of the HCV/FSS Program offer job training, childcare, counseling, transportation, job placement and homeownership counseling. Participation in the program requires the head of household to sign a contract ensuring that he or she holds a job and will no longer receive welfare checks at the end of the five-year term.
According to a study conducted by HUD, programs such as the HCV and FSS have proven beneficial for participants. Individuals that complete these programs are better off financially upon completion.
"In today’s economy, it’s never been more critical to help families obtain the skills that lead to jobs," said Shaun Donovan, Secretary of HUD. "With HUD’s help, these housing authorities will be able to assist families in finding employment, increasing their earning potential and putting them on a path to self sufficiency."