Graduates of Chicago HA's Family Self-Sufficiency Program Celebrate Independence

Date Published: 
September 27th, 2022

From the Chicago Housing Authority's press release:

Chicago Housing Authority residents who participated in the Family Self Sufficiency (FSS) program received their certificates of completion this month at an FSS graduation ceremony at the Charles A. Hayes Family Investment Center.

FSS is one of CHA’s premier wealth-building programs and provides financial incentives to participants as they reach their goals. Upon goal completion, specified amounts based on the goal are deposited into their FSS savings accounts. The savings are paid out within 60 days of program completion.

The total payout among the 107 graduates was $704,271. The highest payout was $32,743, and the average was $6,581. There were 12 residents who purchased homes with their savings and 16 that transitioned off housing subsidy.

“You have spent a lot of effort in investing in yourself and your family. That is building your personal power,” CHA CEO Tracey Scott said. “That’s why we invest in this program, that’s why we are investing in you. Because when you invest in yourself, your family benefits, your community benefits and the world benefits. We are here to support you in following your dreams.”

Read CHA's press release.

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