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What is an escrow account?

  • By jordan@august-road.com
  • March 10, 2015

An escrow account is a special savings account created specifically and only for FSS participants as an incentive reward for attaining self-sufficiency. As a Section 8 recipient and FSS participant, you are eligible to escrow a percentage of any increase in your earned income since your Contract of Participation date. If the families earned income increases, the BHA compares the family rent to the baseline rent, and in most cases, is escrowed.

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