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CHAPTER 6 <br />ESCROW ACCOUNT <br />PART I. THE ESCROW ACCOUNT 1 <br />6-I.A. OVERVIEW 1 <br />6-I.B. CALCULATING THE FSS CREDIT AMOUNT 2 <br />Determination of Family Rent and Total Tenant Payment 2 <br />Increases in FSS Family Income [24 CFR 984.304] 2 <br />Cessation of FSS Credit [24 CFR 984.305(b)(3)] 2 <br />6-I.C. DISBURSEMENT OF FSS ACCOUNT FUNDS 3 <br />Disbursement at Completion of Contract [24 CFR 984.305(c)(1)] 3 <br />Disbursement before Expiration of Contract Term 3 <br />Verification of Family Certification at Disbursement 4 <br />Succession to FSS Account [24 CFR 984.305(d)] 4 <br />6-I.D. USE OF FSS ACCOUNT FUNDS FOR HOMEOWNERSHIP 5 <br />6-I.E. FORFEITURE OF FSS ACCOUNT FUNDS 6 <br />Treatment of Forfeited FSS Account Funds 6 <br />PART II. ESCROW FUND ACCOUNTING AND REPORTING 7 <br />6-II.A. OVERVIEW 7 <br />6-II.B. ACCOUNTING FOR FSS ACCOUNT FUNDS 7 <br />Proration of Investment Income [24 CFR 984.305(a)(2)(ii)] 7 <br />Reduction of Amounts Due by FSS Family [24 CFR 984.305(a)(2)(iii)] 7 <br />6-II.C. REPORTING ON THE FSS ACCOUNT 8 <br />CHAPTER 7 <br />PORTABILITY IN HOUSING CHOICE VOUCHER FSS PROGRAMS <br />PART I: PORTABILITY IN THE FSS PROGRAM 1 <br />7-I.A. OVERVIEW 1 <br />7-I.B. DEFINITIONS 2 <br />7-I.C. RESIDENCY REQUIREMENTS 2 <br />7-I.D. CONTRACT OF PARTICIPATION 3 <br />Continued Participation in the FSS program of the Initial PHA 3 <br />PART II: THE EFFECTS OF PORTABILITY ON FSS REGULATIONS AND POLICY 4 <br />7-II.A. OVERVIEW 4 <br />7-II.B. PORTABILITY AND THE ESCROW ACCOUNT [24 CFR 984.306(e)] 4 <br />7-II.C. PROGRAM TERMINATION, LOSS OF FSS ACCOUNT, AND <br />TERMINATION OF SECTION 8 ASSISTANCE 4 <br />© Copyright 2017 by Nan McKay & Associates <br />Unlimited copies may be made for internal use. <br />Page TOC -5 <br />Model FSS Action Plan 6/1/17 <br />