For voucher holders, this requirement can pose a substantial challenge. Even with a subsidy, coming up with additional funds for a deposit can be difficult. This is where certain government initiatives and nonprofit organizations come into play to help lighten this burden.

These programs function through various methods:

• Grants – These funds don’t require repayment.
• Loans – You can borrow funds and pay them back over time.
• Guarantees – A third party agrees to cover any damages, providing security for landlords.

If you meet the eligibility criteria, these programs can make renting more attainable without draining your savings significantly.

The Choice in Affordable Housing Act

The Choice in Affordable Housing Act has the potential to expand security deposit assistance across the nation. If enacted, this legislation would:

• Allocate signing bonuses to landlords in low-poverty areas who accept voucher holders.
• Designate funds for security deposits, so tenants aren’t required to pay upfront.
• Increase funding for landlord liaison roles at PHAs, enhancing relationships between renters and landlords.

Legislators believe these measures will motivate landlords to be more open to accepting vouchers, thereby expanding housing options for low-income renters.

This bill was first introduced in 2022 and was reintroduced in 2023. If you support its passage, consider reaching out to your representatives and encouraging them to advocate for it.

Other Programs That Assist with Security Deposits

Even without the approval of this bill, local programs are already offering assistance with security deposits. These initiatives vary by city and state, but here are some commonly utilized resources:

1. Local Public Housing Authorities (PHAs)

Your PHA may provide security deposit assistance or direct you to other local programs. Some PHAs use Emergency Housing Vouchers (EHVs) or other funding sources to cover deposit expenses.

You can find your local PHA through the Section 8 Search.

2. State and Local Government Programs

Some state housing agencies offer deposit support through rental assistance programs targeted toward:

• Low-income renters
• Individuals facing homelessness
• Survivors of domestic violence
• People with disabilities

For example, in California, the Emergency Rental Assistance Program may sometimes cover security deposits. Other states have similar resources.

3. Nonprofits and Charities

Numerous nonprofits extend support for move-in costs. Some notable organizations include:

• The Salvation Army — Offers rental and deposit assistance in select regions.
• Catholic Charities — Provides emergency financial assistance, including aid for deposits.
• United Way 211 — Connects renters to local resources.

For additional details on available options in your area, you can call 211 or visit 211.org.

4. Local Community Action Agencies

Community Action Agencies (CAAs) oversee housing assistance programs funded by the federal government. Typically, these agencies provide:

• Security deposit assistance
• Rental aid
• Utility bill support

To locate a CAA near you, check out the Community Action Partnership.

How to Apply for Security Deposit Help

If you’re seeking help with your deposit, consider the following steps:

1. Contact your PHA — Ask about any programs related to deposits. You can locate PHAs via Section 8 Search.
2. Explore local housing agencies — Look into state and city rental assistance programs.
3. Call 211 — They can direct you to nonprofits that help with deposits.
4. Look for emergency grants or loans — Some charities provide one-time financial support.

Each program has its specific requirements, which may include:

• Income verification
• A signed lease agreement
• Proof of housing instability

It’s wise to act quickly, as funding can be depleted rapidly.

Struggling to Secure Housing with a Voucher?

Despite the availability of security deposit assistance, finding housing with a Section 8 voucher can still be difficult. Many landlords choose not to accept vouchers, and competition can be intense.