Security Deposit Policy

• What is the purpose of the security deposit?

When a program participant moves out of the unit, the owner may use the security deposit as reimbursement for any unpaid rent payable by the tenant, and damages to the unit or for other amounts the participant may owe under the lease.

• What is the maximum amount of security deposit a landlord can charge a Housing Choice Voucher Participant?

An owner may charge the program participant up to two months contract rent for unfurnished units and up to three months contract rent for furnished units.

• Is the cost of the security deposit covered under the Housing Choice Voucher Program?

At the present time the cost of the security deposit is the responsibility of the program participant.