This report addresses two questions: 1) What happens to homeless families who "graduate" from HUD-funded transitional housing (TH)? and 2) What factors affect housing, employment, and children's well-being after TH? Project sites included Cleveland/Cuyahoga County, Detroit, Houston/Harris County, San Diego City and County, and Seattle/King County. 195 families were interviewed as they left TH, with 179 (92 percent) completing 12 month follow-up interviews. Certain aspects of TH programs and the way that mothers used them affected mothers' education and employment immediately after TH and employment 12 months later. Having a housing voucher at TH exit was the strongest predictor of stable housing during the year following TH, but had no effect on employment outcomes. (Authors)