Boston – Thirteen affordable housing communities managed by WinnResidential, the property management arm of WinnCompanies, have been awarded Family Self Sufficiency (FSS) Program grants from the U.S. Department of Housing and Urban Development (HUD) as part of HUD’s recent $130 million investment in economic mobility for HUD-assisted families.
HUD also announced that it has renewed existing FSS grants for nine other Winn-managed housing communities, meaning that more than 700 households in WinnResidential-managed communities will now be able to participate this year in the asset-building program for low-income families.
The FSS program was created by Congress in 1990 as an employment and savings program for families of federally subsidized housing. The program combines a savings incentive with supportive services to help residents reach their financial goals. WinnResidential’s FSS program is supported by its Connected Communities staff and its financial coaching partners, who provide a range of mobility support for participating residents. WinnResidential and Connected Communities partner with Compass Working Capital, Rhode Island Housing, and other organizations to support families with financial coaching services as part of the program.
With the new and renewed 2024 HUD grants, the number of mission-driven owners now participating in the FSS program with WinnResidential has grown to include Omni Development Corporation, Urban Edge Housing Corporation, Community Preservation Partners, Castle Square Tenants Organization, National Housing Partnership Foundation, Dorchester Bay Economic Development Corporation, Madison Park Development Corporation, Lena Park Community Development Corporation, United Residents in Academy Homes, and Codman Square Neighborhood Development Corporation.
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“Financial literacy, job training and educational opportunities are some of the resources the FSS program connects HUD-assisted families to so that they have the chance to find employment and build assets,” said HUD Secretary Marcia L. Fudge. “HUD remains committed to working with our local partners to empower residents and promote economic justice for all Americans.”
