Security Deposit Assistance

Most landlords require one and one-half or two month’s rent to be paid by tenant before moving into a permanent rental unit.  The up-front funds required can derail the family’s efforts, even if they can afford to pay the monthly rent.

HIPCT will consider paying the security deposit for families who reside in the Princeton area and who meet the following criteria:

  • Pre-screened by landlord including demonstrated ability to make ongoing rent payments (those who do not have adequate income in comparison to their expenses, and/or would need on-going assistance would not be eligible)
  • Must provide HIP documentation of income and current expenses
      • Employer payment stub
      • Applicant’s self-declared expenses (e.g. utilities, loans, auto, daycare, etc.)
  • Documentation of approval from potential landlord will be required
  • Payment made payable to Landlord
  • Eligible for this service once in two-years
 
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