HUD AWARDS NEARLY $1,400,000 TO HELP COLORADANS FIND JOBS
Funding to make Colorado families employable and self-sufficient

DENVER - The U.S. Department of Housing and Urban Development today awarded $59.1 million to public housing agencies (PHAs) across the nation to help low-income individuals. Colorado Family Self Sufficiency programs will receive grants totaling $1,391,032. Housing authorities in Denver, Boulder, Loveland, Fort Collins and Adams County will receive Public Housing grants totaling $482,151. Thirteen Colorado agencies will receive Housing Choice Voucher Grants totaling $908,881.

"Coloradans will be able to receive job training, counseling and employment placement to get on the road to
financial independence," said HUD Regional Director John Carson.

The funding is provided through HUD's Family Self-Sufficiency (FSS) Program, which encourages communities to develop local strategies to help families who live in public housing or participate in HUD's Housing Choice Voucher (HCV) program obtain employment that will lead to economic independence and self-sufficiency. PHAs work with welfare agencies, schools, businesses, and other local partners to develop a comprehensive program that gives participating FSS family members the skills and experience to enable them to obtain employment.

The funding is distributed to PHAs, which allows them to hire or retain FSS coordinators on staff to assist adult residents to find employment. The coordinators link participants to resources in the community that can help with their job search, such as job training opportunities, employment placement programs or local employers. The coordinators also help individuals locate childcare, counseling services, and transportation, which are often times impediments to employment.

Participants, some of whom are on welfare, sign a contract that stipulates the head of the household will find
suitable employment and the family will be off of welfare assistance within five years. Because public housing and voucher rents are tied to income, when income rises, rent rises. With the FSS program, the rent increase is paid
to the PHA, but goes into an interest-bearing escrow account. If the participant successfully graduates from the program, he or she can use the escrow account for a variety of goals, including down payment on a home, starting
a business, paying back debts or paying educational expenses.

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HUD is the nation's housing agency committed to increasing homeownership, particularly among minorities;
creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation's fair housing laws. More information about HUD and its programs is available on the
Internet and espanol.hud.gov.