City and state governments have the power to put $45 billion that sits in cash security deposits back in renters' hands.
Property owners are required to offer low-cost alternatives to lump-sum cash security deposits.
Renters have increased access to stable and decent housing by choosing low-cost insurance or a payment plan instead of a large, upfront security deposit.
Renters keep control of their money at move-in and property owners maintain equal or greater protection for their properties.
Rent stimulus that replaces cash security deposits with a deposit alternative
City or state-level support from a public official
Rent stimulus that replaces cash security deposits with a deposit alternative
City or state-level support from a public official
A typical cash security deposit is equivalent to at least one month’s rent, which can be a major burden for renters.
Half of America has less than $400 in savings, so upfront move-in costs bar renters from accessing stable, quality housing.
As the cost of living continues to rise, rents have risen 72% in the last 60 years.
Be a champion of Renter’s Choice legislation and support renters in your community.