I 

118TH CONGRESS 

1ST SESSION H. R. 1087 

To authorize security deposit and moving costs assistance for low-income 

households, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 17, 2023 

Ms. LEE of California introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To authorize security deposit and moving costs assistance 

for low-income households, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Delivering Essential 

5 Protection, Opportunity, and Security for Tenants Act’’ 

6 or ‘‘DEPOSIT Act’’. 


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1 SEC. 2. RENTAL SECURITY DEPOSIT AND MOVING COST AS2 SISTANCE FOR HOUSING CHOICE VOUCHER 

3 HOLDERS. 

4 Section 8(q) of the United States Housing Act of 

5 1937 (42 U.S.C. 1437f(q)) is amended by adding at the 

6 end the following new paragraph: 

7 ‘‘(6) SUPPLEMENTS FOR SECURITY DEPOSIT

8 AND MOVING COST ASSISTANCE.— 

9 ‘‘(A) SECURITY DEPOSITS.—The Secretary 

10 shall, to the extent amounts are provided in ad11 vance in appropriations Acts for assistance 

12 under this subparagraph, provide supplemental 

13 fees under this subsection to public housing 

14 agencies for the costs of providing, on behalf of 

15 families assisted under subsection (o), assist16 ance to cover the costs of a reasonable security 

17 deposit for the assisted dwelling unit of such 

18 family. The agency shall require the owner to 

19 return any unused amounts of security deposit 

20 assistance upon the termination of such family’s 

21 tenancy and may make such returned amounts 

22 available only for assistance under this subpara23 graph. 

24 ‘‘(B) MOVING COSTS.—The Secretary may 

25 provide supplemental fees under this subsection 

26 to public housing agencies for the costs of proVerDate Sep 11 2014 23:28 Mar 10, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1087.IH H1087

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1 viding, on behalf of families assisted under sub2 section (o), assistance to cover the reasonable 

3 costs of moving into a new assisted dwelling 

4 unit. 

5 ‘‘(C) AUTHORIZATION OF APPROPRIA6 TIONS.—There is authorized to be appropriated 

7 to the Secretary such sums as may be necessary 

8 for assistance under subparagraphs (A) and 

9 (B).’’. 

10 SEC. 3. RENTAL SECURITY DEPOSIT ASSISTANCE UNDER 

11 HOME PROGRAM. 

12 (a) ELIGIBLE USE.—Section 212(a) of the Cranston13 Gonzalez National Affordable Housing Act (42 U.S.C. 

14 12742(a)) is amended by inserting after paragraph (3) the 

15 following new paragraph: 

16 ‘‘(4) SECURITY DEPOSIT ASSISTANCE.—A par17 ticipating jurisdiction may use funds provided under 

18 this subtitle to provide loans or grants to very low19 and low-income families for security deposits for 

20 rental of dwelling units, regardless of whether such 

21 family is provided tenant-based rental assistance 

22 pursuant to paragraph (3). The jurisdiction shall re23 quire the owner to return any unused amounts of se24 curity deposit assistance upon the termination of 


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1 such family’s tenancy and may use such returned 

2 amounts only for assistance under this paragraph.’’. 

3 (b) AUTHORIZATION OF APPROPRIATIONS.—There is 

4 authorized to be appropriated to the Secretary of Housing 

5 and Urban Development such sums as may be necessary 

6 for assistance under subtitle A of title II of the Cranston7 Gonzalez National Affordable Housing Act (42 U.S.C. 

8 12741 et seq.), to be made available only for providing 

9 security deposit assistance under paragraph (4) of section 

10 212(a) of such Act (as added by the amendment made 

11 by subsection (a) of this section). 

12 SEC. 4. STUDY ON ALTERNATIVES TO SECURITY DEPOSITS. 

13 (a) STUDY.—The Secretary of Housing and Urban 

14 Development shall conduct a study to identify and ana15 lyze— 

16 (1) alternatives to rental housing security de17 posits, including products that require a tenant of a 

18 dwelling unit to pay a monthly insurance premium 

19 to cover costs of repairing damage to the dwelling 

20 unit; and 

21 (2) the impact that such alternatives have on 

22 the rental housing market and tenants, including 

23 how such alternatives affect tenants based on tenant 

24 race, income, age, sex, disability, and other demo25 graphic characteristics. 


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1 (b) REPORT.—Not later than the expiration of the 

2 180-day period beginning on the date of the enactment 

3 of this Act, the Secretary shall submit to Congress a re4 port setting forth the findings and conclusions of the 

5 study. 

Æ 


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