NC Rental Assistance Programs Both PBRA and TBRA

NC Rental Assistance Programs Both PBRA and TBRA Options created by North Carolina Housing Finance Agency 92016

What’s in it for you? Established Referral Network Reduced Credit Exposure State pays security deposit State pays majority of rent State pays damages if incurred State pays for broken leases State pays for eviction costs under specific circumstances Supported Tenants created by North Carolina Housing Finance Agency 92016

Targeting Program Used currently in NCHFA LIHTC program. Landlord agrees to ‘reserve’ a specific number of units for referral network, per a Targeting Agreement on property by property basis. This number capped at 20% of total units. Landlord notifies Regional Housing Coordinator/DHHS of vacancy. Regional Housing Coordinator/DHHS responds with applicants or releases unit. Landlord notification requirement is suspended once “Targeted Units” filled. created by North Carolina Housing Finance Agency 92016

Key Rental Assistance (PBRA Option) Key only works within the Targeting Program. A Key Payment Standard is established and owners sign a Key Owner Agreement to Participate. DHHS Regional Housing Coordinator sends over applicant with referral form. Verify applicant has disability income. created by North Carolina Housing Finance Agency 92016

created by North Carolina Housing Finance Agency 92016

Key Payments Request Key via on-line portal with supporting documentation. Key will pay security deposit. Key will pay for damages, not to exceed $2500. Key will pay for uncollected tenant portion of rent, not to exceed 3 months. Key will pay for remaining lease period, not to exceed 2 months. Key will pay for eviction costs, if chance for remediation steps are taken, not to exceed $1000. created by North Carolina Housing Finance Agency 92016

Transitions to Community Living Voucher (TBRA Option) TCLV works through out private market. Referral network will send over potential applicants. Referral network will support applicant throughout the leasing and move -in process. Rent is negotiated, and outlined with a housing assistance payment contract. A Housing Quality Standard inspection is required. created by North Carolina Housing Finance Agency 92016

TCLV Features Voucher capped at $600. Tenants have access to move-in funds for security, utility, and other move-in expenses. Are supported by team of people. Security Deposit paid directly by program. All risk mitigation features of Key incorporated. created by North Carolina Housing Finance Agency 92016

Addition Feature: Holding Fee Holding fees can be applied to keep a vacant unit ‘reserved’ for referral network if a potential applicant cannot make application in timely fashion but can in a reasonable amount of time. created by North Carolina Housing Finance Agency 92016

Partner with NCHousing. Search. org and Socialserve. com NCHousing. Search. org is a free place to list and locate rental properties across North Carolina. The nonprofit Socialserve. com provides a toll-free, bilingual call center to help landlords add and update property information; assist people in search of housing; and recruit landlords to house target populations. created by North Carolina Housing Finance Agency 92016

Questions? Contact Information: Targeting Program & Key Rental Assistance Heather Dominique, Subsidy Administration Programs Coordinator: hcdominique@nchfa. com, 919 -877 -5661 Transitions to Community Living Voucher Program Ellen Blackman, Community Living Specialist: epblackman@nchfa. com, 919 -981 -2506 Russell Cate, Community Living Specialist: rbcate@nchfa. com, 919 -875 -3828 created by North Carolina Housing Finance Agency 92016