Lawmakers Hear Arguments Over ‘Regulated Conditional Deposit’ Proposal to Expand Rental Access
The Commerce Committee heard HB1336 to permit a one-month 'regulated conditional deposit' (RCD) for marginal applicants and allow third-party refunding to charities; landlords and owners praised safeguards while housing advocates and municipal welfare directors warned it could disadvantage lowest-income renters and strain public and nonprofit funds.
The full story
Representative Joe Alexander introduced HB1336 as a narrowly targeted effort to help applicants who would otherwise be denied housing by creating a regulated conditional deposit (RCD) — an incremental deposit of up to one month’s rent — and by permitting landlords to refund security deposits to third-party payors when agreed upfront, allowing charities to operate more like revolving funds.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in