Finally Home Security Deposit Program

Housing Trust Silicon Valley’s Finally Home Security Deposit program provides a one-time grant up to $2,500 to individuals and families moving to permanent sustainable housing.  Priority is given to individuals or families with the greatest need, who can sustainably remain in permanent housing and are able to demonstrate long-term self-sufficiency.

Partner Agencies

Applications must be submitted on behalf of the applicant by one of the partner agencies listed below.

Abode Services Law Foundation of Silicon Valley
Community Solutions LifeMoves 
County of Santa Clara Midtown Family Services
Family Supportive Housing, Inc. Momentum for Mental Health
Goodwill Silicon Valley New Directions
The Health Trust Next Door Solutions for Domestic Violence
Housing Choices Coalition Silicon Valley Independent Living Center

Eligible Uses

This grant can be used for:

  • A security deposit in the amount of up to two times the monthly rent. Pet deposits cannot exceed 25% of the total deposit.
  • A maximum of 3 rental application fees per client. Client must be a recipient of a Finally Home security deposit grant.

Eligibility Requirements

  • Client must be moving into rental housing within the County of Santa Clara
  • Assistance is available for individuals and families who are currently experiencing homelessness, or those at-risk of experiencing homelessness that are moving into permanent sustainable housing.
  • Household maximum income limit cannot exceed 80% of Santa Clara County’s area median income. Income limits are adjusted annually.  The 2017 income limits are listed below:
Household Size 1 person 2 people 3 people 4 people 5 people
2017 Limits $59,350 $67,800 $76,300 $84,750 $91,550

Required Documentation

  1. Finally Home Application (completed, signed, & dated)
  2. Identification/ Driver license­ (all members of the household over 18 years of age)
  3. Income verification (all members of the household over 18 years of age)
  4. Budget Worksheet
  5. Verification of housing subsidy (if applicable)
  6. Rental/Lease Agreement or Letter of Intent to Lease (minimum six month lease)
  7. Residents Moving into or out of the City of Santa Clara need the following:
    1. Items #1 to 4 above
    2. Rental/Lease Agreement or Letter of Intent to Lease (minimum 1 year lease)
    3. Completed and Passed Housing (HQS) Inspection
    4. Lease Addendum signed by Landlord/Property Manager

Application Process

  1. Submit a completed application package to jeanette@housingtrustsv.org. Application package must be submitted by an eligible partner agency.  Application must be reviewed for completeness and approved by an authorized agency program Manager.
  2. Caseworker will be notified of application status. If application is incomplete, HTSV staff will notify the caseworker of documentation deficiencies.  If the caseworker does not respond within 48 hours, the application will be cancelled.
  3. Grant/Check will be mailed directly to the landlord/property management company within two business days of approval.

Forms

Resources