Dukes County Regional Housing Authority

 

Rental Conversion Program: Summary

 

The Rental Conversion Program is funded by the Island Affordable Housing Fund, administered by the Dukes County Regional Housing Authority (DCRHA) and offers homeowners a range of support in exchange for year-round rental agreements. Island residents making less than 80% of median income for the area (e.g. $68,300 for a family of four) and able to pay at least 50% of total rent due are eligible for rental assistance and pay no more than 30% of their adjusted income.

 

Monthly Rent

A maximum adjusted fair market will be used in determining the contract rent on a case-by-case basis. The tenant’s portion of the rent is determined by the household income and is paid directly to the property owners; the balance of the rent is paid to the property owners by DCRHA. Rent is paid on the first of each month. Contract rents will be determined annually at least thirty days prior to the anniversary date of the lease by the property owner and the DCRHA.

 

Security Deposit

Property owners may require that the tenant pay a security deposit up to the amount of one month’s contract rent. Security deposits must be held in an interest bearing account accordance with MGL 186. Tenants are responsible for security deposits and the DCRHA is not able to subsidize this cost at this time.

 

Tenant Screening & Selection

The DCRHA can pre-screen eligible tenants for the property owners’ selection by processing criminal background checks, income and bank account verification and personal and landlord references. Tenant screening for suitability and final selection are the property owner’s responsibility and the DCRHA encourages owners to follow the process used to screen families in the private market.

 

Unit Inspection

An inspection by the DCRHA is scheduled prior to enactment of a new tenant/landlord lease and upon annual renewal as agreed to by all parties. The landlord is responsible for satisfying any applicable town requirements for apartment rental.

 

Leasing Documents

A lease is signed between the property owner and the tenant and a housing assistance contract is signed between the property owner and the DCRHA. As part of its services, the DCRHA can provide a model lease for use by the property owner, including the rental assistance addendum. If a property owner uses a standard lease form, the lease must include the DCRHA’s rental assistance addendum with copies of all lease materials kept on file by the DCRHA.

 

Program Representatives

The DCRHA will prepare the leasing and rental assistance contract documents and will remain the Landlord’s contact for as long as the tenancy is in effect.