Rent Payments & Security Deposits

Rent Payments will be processed the following month once the contract is signed and returned.

Rental Assistance Payments are deposited into a checking, savings, or debit card account by the 5th of each month.

Each unit must pass a Rent Reasonable Test, comparing the gross rent of the unit to the gross rent of other unassisted units in the county.

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Rent Amount

The HAMC may request the rent to be lowered for the following reasons:

• The rent amount may be lowered due to rent reasonableness.
• The tenant cannot pay over 40% of their adjusted monthly income toward rent and utilities during the first year of the contract, after the first year, the landlord may ask for a rent increase provided the unit meets rent reasonableness

The HAMC continues to monitor rents outside areas of poverty/minority concentration and will request exception rents as warranted.

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Unpaid Rent

The landlord can take the tenant to magistrate court to collect damages and unpaid rent.

The HAMC will need a copy of the judgment and will refuse to place that tenant under a new contract until the judgment has been paid to the landlord.

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Security Deposit

The landlord cannot charge the tenant more than what is charged for unassisted units.

The HAMC recommends the landlord charge a deposit to cover damages to the unit or unpaid rent (the security deposit is only between the landlord and the tenant).