Housing Authority of Bexar County FSS Program

Housing Authority of Bexar County FSS Program is a grant for homebuyers in Bexar County, Texas. The Housing Authority of Bexar County's Family Self-Sufficiency (FSS) Program is a voluntary 5-year program that helps Housing Choice Voucher and Public Housing residents build savings through an escrow account tied to earned income increases. As participants' incomes rise, the additional rent contribution is credited to a personal escrow account. Upon graduation, participants can withdraw escrow funds to use toward a home purchase down payment, education, or other goals. Escrow account accumulates as earned income increases. Escrow funds usable for home purchase down payment. Homeownership counseling and education available. Five-year voluntary program. Financial coaching and goal-setting support. Funding comes from Federal.

Housing Authority of Bexar County FSS Program is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Housing Authority of Bexar County FSS Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required. Citizenship or immigration status: yes.

Housing Authority of Bexar County FSS Program sets its income limit as follows: Must be a Housing Choice Voucher (HCV) or Public Housing participant; income increases tracked to determine escrow credit. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Housing Authority of Bexar County FSS Program can be used for Single-family. New construction is eligible.

Housing Authority of Bexar County FSS Program serves homebuyers purchasing in Bexar County, Texas.

Applications for Housing Authority of Bexar County FSS Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.