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Rental Assistance for Low-Income Families: Deposits and Moving Costs

This act aims to improve housing access for low-income families. It introduces financial assistance for security deposits and moving costs. Additionally, the act mandates a study on alternatives to traditional security deposits to better understand their impact on the rental market.
Key points
Financial assistance for security deposits and moving costs for housing choice voucher holders.
HOME program funds can now be used for security deposit assistance for very low- and low-income families.
A study will be conducted on alternatives to security deposits, like monthly insurance premiums, and their impact on tenants.
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Expired
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Additional Information
Print number: 118_HR_1087
Sponsor: Rep. Lee, Barbara [D-CA-12]
Process start date: 2023-02-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

DEPOSIT Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1087.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-17.

What are the main provisions?

Key points include:

  • Financial assistance for security deposits and moving costs for housing choice voucher holders.
  • HOME program funds can now be used for security deposit assistance for very low- and low-income families.
  • A study will be conducted on alternatives to security deposits, like monthly insurance premiums, and their impact on tenants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lee, Barbara [D-CA-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Benefits Real Estate