How much does it cost to go through the Family Stabilization Plan?

Since the FSP is for families do you provide day care?

Who would qualify for the FSP?

Do I need to own a computer to participate in the program?

Why do you require my family to go through two years to complete the program?

Do I have to live in the Twin Cities Metropolitan Area of Minnesota?

What will I get upon completion of the program?

Who will have access to my personal information?

Will going through the program improve my credit score?

Do I have to purchase a home if I am selected to participate in the program.


Q. How much does it cost to go through the Family Stabilization Plan?
A. It will cost approximately $ 108 per year for online Budgeting, $35 for Homebuyer Education Fee and up to $ 15 per month if your family needs extensive credit mending and debt consolidation work outs.

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Q. Since the FSP is for families do you provide day care?
A. The program provides for teenage children to accompany parent in the Financial Literacy training. There are some training sessions where day care may be available under certain circumstances..

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Q. Who would qualify for the FSP?
A. Each family will complete an assessment application and will be rated by a committee and chosen based on the family’s needs and resources available under the program..

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Q. Do I need to own a computer to participate in the program?
A. No! Computers are available at our offices to families that do not own computers. Appointments may need to be set up for usage..

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Q. Why do you require my family to go through two years to complete the program?
A. Based on market studies, reports, statistics, results from focus groups and the state many families are in the programs target areas it has been deemed that it is necessary to build a strong financial foundation for families. In order to accomplish the projected benchmarks expected it is necessary for families to complete a two-year program. Short term programs are being considered in the future for families that need less case management and support..

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Q. Do I have to live in the Twin Cities Metropolitan Area of Minnesota?
A. The initial target market is for families residing in the 7 metro county area of the Twin Cities metropolitan area of Minnesota. Future expansion into other areas are projected..

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Q. What will I get upon completion of the program?
A.  There are several bench marks that are expected by each family in addition to Certificates of Completion in a number of areas including: Financial Literacy, Budgeting, Credit Smart, Homebuyer Education etc...

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Q. Who will have access to my personal information?
A. Your information will be protected and only viewed and/or shared with certified counselors involved in the programming..

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Q. Will going through the program improve my credit score?
A. There are no guarantees that your scores will improve. However, based on your participation and cooperation with counselors and the extent of your credit issues it is expected that your credit rating will improve upon completion in the program..

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Q. Do I have to purchase a home if I am selected to participate in the program.
A. No! There are situations where you may be provided with options to remain or become a renter of property while enrolled in the program..

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