Benefits to the Owner

• Housing assistance payments are deposited in the bank account of the owner or agent of the owner no later than the 5th day of each month.
• Risks in rent default are reduced because the family's portion of rent is based on their income.
• The owner sets the amount of the security deposit according to local practice, generally not more than one month's contract rent.
• NHA maintains a landlord listing that is provided to all families searching for a place to live, which may assist with property vacancy rates.
• The owner is responsible for screening tenants, which allows the owner full discretion for tenant selection.
• Annual housing quality standards inspections assist the owner with identifying areas that need repair to maintain the overall quality of the unit.
• The lease term is 12 months, which improves tenant stability. NHA guidelines prohibit families from relocating with continued assistance during their lease.
• NHA encourages timely payment of tenant rent by enforcing the family obligations in the program. it is a violation of a family's responsibilities in the program if they fail to make timely rent payments or damage the unit beyond normal wear and tear.
• Participating owners help low-income families in Newberry County secure safe, decent, and affordable housing.