Yes. Participants will be encouraged to report increased earnings in order to establish escrow accounts.
Participants can continue to save money for match, but the amount of match they can leverage is the difference between their escrow total and $12,000.
Remember, the goal of this program is not to replace and match traditional escrow, but to help participants earn up to $12,000 for homeownership.
For example, if a household in the FSS program experiences an increase in earned income, and earns $2,500 in federal escrow funds, the family may continue to save money in their Matched Savings Account and earn up to $9,500 based on the savings of the household.