Connecticut security deposit assistance provides 2 months aid

The Security Deposit Guarantee Program offers tenants in Connecticut security deposit assistance when they need help moving into a new rental home.

Lower income tenants who are facing eviction or who otherwise need to move into a more affordable apartment can get help with security deposit requirements of their new prospective landlords. Since many landlords require higher security deposits in Connecticut than in many other parts of the country, this can place a disproportionate hardship on the shoulders of families who are already struggling just to get by.

Security Deposit Guarantee Program

Instead of having to come up with up to two months of rent payments just to move in, the State of Connecticut operates a Security Deposit Guarantee Program that can help you get moved into your next rental home, even if you don’t have the necessary funds to meet the cash move in requirements. The program offers an alternative.

Landlords who consent to the program can receive the same financial security whenever a tenant in the program causes damages to their rental property. They have the same protection as if they held the actual deposit themselves. Indeed, the only real difference with the program from a landlord’s perspective is that they do not have to worry about maintaining an escrow account for the security deposit. In effect, the state does that for them through the program.

If your household earns no more than 150% of the federal poverty level in Connecticut, then you could be eligible for the program. Additionally, current recipients of public benefits may also be eligible. This includes SNAP, Medicaid, Temporary Family Assistance and a few other programs. Many emergency housing shelters and other services to the homeless routinely help their clients apply for the Security Deposit Guarantee Program whenever it is clear that the resident is ready to transition back to self-sufficient living. The security deposit assistance helps them clear that last hurdle.

If you need help with your security deposit, you are encouraged to apply for the program rather than making the mistake of borrowing money. This program is an excellent way to make your move without getting into deeper financial difficulty.

To apply, visit your local Department of Social Services office or call 860-424-5373.