The Housing Security Deposit Program (HSDP) is designed to provide clients security deposit assistance if they have no other means of obtaining a security deposit in order to secure rental housing.

This assistance is in the form of a LOAN to the client. A promissory note must be signed.

In order to be eligible for the HSDP, you must meet the income eligibility guidelines (see chart below); be able to obtain a legal lease from the landlord; be able to maintain the monthly rental fee on the unit; be able to pay the loan back within 6 to 12 months; be able to provide good landlord references; and be able to provide the following information:

·       Completed application

·       Verification of all income and expenses

·       Positive landlord references

·       Social security numbers of all household members

·       Proof that you have no other way to pay your security deposit

·       A signed landlord form stating their understanding of the program and their willingness to participate in the program

HUD Area Income Limits for 2023

Applicants may be denied if they do not submit completed applications and documentation; if they do not meet income guidelines; if it is determined they cannot afford the rental unit; if they have a prior history of damaging rental housing; if they have consistently failed to pay rent; and/or if they cannot show the steps they are taking to improve future budgeting efforts.

This is not an emergency program. The application process takes at least 5-7 business days from the time a COMPLETED application is received, with ALL documentation.

Total Household Income

Please list all sources of income for all household members. Include documentation with application.

Income includes, but is not limited to: Wages earned from a job, Disability Benefits (SSDI, SSI, APTD, etc.) TANF & Food Stamps, Child Support/Alimony, Unemployment Benefits, Worker’s Compensation, Social Security Retirement Benefits, Retirement or VA Pensions, Section 8/Public Housing Rent Vouchers

MONTHLY EXPENSES

APPLICANT’S AUTHORIZATION TO FURNISH INFORMATION

I/We hereby declare that the information provided by me/us in this application is true, correct, and complete to the best of my/our knowledge. I/We understand that any misstatement or omission of fact on this application shall be considered cause for denial.

I/We authorize the Community Resource Center of Teton Valley to verify any information provided by me/us, and to contact past and present Landlords, employers and creditors for the purpose of verifying information provided by me/us for the Housing Security Deposit Program application, as well as any private, Local, City, State or Federal Agencies that are providing me or anyone in my/our household with assistance. I/We authorize the Community Resource Center to discuss information pertinent to my/our housing needs with the appropriate persons/agencies.