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BLAIR COUNTY COMMMUNITY ACTION AGENCY

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HOME REPAIR 62. TRANSPORTATION 39. EDUCATION 16. HOME OWNERSHIP 10. SMALL BUSINESS 3. CREDIT REPAIR 7 (NO LONGER PERMITTED EXCEPT FOR HOME PURCHASE) ... – PowerPoint PPT presentation

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Title: BLAIR COUNTY COMMMUNITY ACTION AGENCY


1
BLAIR COUNTY COMMMUNITY ACTION AGENCY
  • FAMILY SELF-SUFFICIENCY
  • AND
  • FAMILY SAVINGS ACCOUNT

2
FAMILY SELF-SUFFICIENCY
  • SINCE 1999 BCCAA HAS MANAGED THE FSS PROGRAM IN
    CONJUNCTION WITH THE ALTOONA HOUSING AUTHORITY
  • THIS HUD PROGRAM IS SPECIFICALLY DESIGNED FOR
    SECTION 8 AND PUBLIC HOUSING RESIDENTS

3
SECTION 8 FSS
  • CONTINUOUS CASELOAD OF 30 PARTICIPANTS
  • FIVE YEAR CONTRACT OF PARTICIPATION REQUIRES
    PARTICIPANTS TO ACTIVELY SEEK OR IMPROVE
    EMPLOYMENT

4
  • FSS COORDINATOR LINKS PARTICIPANTS TO OTHER
    NEEDED SERVICES
  • THROUGH BCCAA OR OTHER SERVICE PROVIDERS
  • IE GED, JOB TRAINING, COLLEGE, COUNSELING, JOB
    PREP AND JOB SEARCH, INTERNSHIPS, FUNDING FOR
    EDUCATION, DAYCARE ISSUES, TRANSPORTATION AND MORE

5
  • ONCE THE PARTICIPANTS INCOME INCREASES RENT
    PAYMENTS, A CALCULATED AMOUNT IS PUT INTO AN
    ESCROW ACCOUNT
  • ESCROW IS AWARDED TO THE PARTICIPANT WITH NO
    RESTRICTIONS WHEN THEY COMPLETE THE PROGRAM

6
FSS STATS
  • 48 PARTICIPANTS GRADUATED THE PROGRAM, RECEIVED
    ESCROW AND LEFT SECTION 8
  • GRADS REPRESENT SAVINGS OF 288,000/YEAR IN
    SUBSIDIZED RENT (2003 DATA) 2,304,000 OVER 8
    YEARS
  • FSS GRADUATES COLLECTIVELY EARNED 70,873 IN
    ESCROW FUNDS

7
48 GRADUATES
  • 10 GRADUATES BOUGHT HOMES
  • 20 GRADUATES BOUGHT AUTOMOBILES
  • 10 GRAUATES PAID ON EDUCATION
  • 7 GRADS OBTAINED GED
  • 8 GRADUATES RECEIVED BA OR BS
  • I GRADUATE RECEIVED MA

8
  • 12 FSS PARTICIPANTS SINCE 1999 HAVE ALSO BEEN
    ENROLLED IN THE FAMILY SAVINGS ACCOUNT PROGRAM
    (FSA)
  • 4 PARTICIPANTS HAVE COMPLETED FSA
  • 8 FAMILIES ARE CURRENTLY ENROLLED IN THE FAMILY
    SAVINGS ACCOUNT
  • 75 OF ACTIVE CASELOAD (30) HAVE POSITIVE
    BALANCES ON THEIR FSS ESCROW ACCOUNTS

9
PUBLIC HOUSING FSS
  • PROGRAM IMPLEMENTED IN MAY 2008
  • CURRENTLY 20 PARTICPANTS ARE CONTRACTED (25
    SLOTS)
  • PROGRAM WORKS MUCH THE SAME AS SECTION 8 FSS
  • PROGRAM IS RELATIVELY NEW AND WILL TAKE SOME TAKE
    TO DOCUMENT ACTUAL PROGRESS

10
FAMILY SAVINGS ACCOUNT
  • SINCE JUNE 2001, 272 SAVERS OPENED ACCOUNTS TO
    RECEIVE A DOLLAR TO DOLLAR MATCH ON THEIR SAVINGS
  • SAVERS HAVE 3 YEARS TO SAVE BETWEEN 1,000 AND
    2,000
  • 140 SAVERS COMPLETED THEIR SAVINGS AND ALSO
    COMPLETED THE REQUIRED 6 HOURS TRAINING IN
    FINANCIAL LITERACY (PROVIDED BY BCCAA)

11
  • THE 140 GRADS SAVED A TOTAL OF 280,000 AND
    RECEIVED AN ADDITIONAL 280,000 IN MATCHING
    FUNDS.
  • THE MONEY SAVED AND MATCHED LEVERAGED AN
    ADDITIONAL 545,078 IN ASSET PURCHASES
  • ASSET PURCHASES WERE MADE IN THE AREAS OF HOME
    PURCHASE, HOME REPAIR, TRANSPORTATION, EDUCATION
    AND SMALL BUSINESS STARTUP

12
  • BREAKDOWN OF ALLOWABLE ASSET PURCHASES BY FSA
    SAVERS
  • HOME REPAIR 62
  • TRANSPORTATION 39
  • EDUCATION 16
  • HOME OWNERSHIP 10
  • SMALL BUSINESS 3
  • CREDIT REPAIR 7 (NO LONGER PERMITTED EXCEPT FOR
    HOME PURCHASE)
  • RETIREMENT 3 (NO LONGER PERMITTED)

13
  • THERE ARE 31 ACTIVE ACCOUNTS
  • A NEW CONTRACT FOR 25 ADDITIONAL ACCOUNTS IS SOON
    TO BE IMPLEMENTED
  • THE WAITING LIST IS AT 40. TERMINATED ACCOUNTS OR
    DROPOUTS CAN BE BACK-FILLED
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