Security Deposit Assistance
The Housing Security Guarantee Program (HSGP) and Homeless Housing and Access Revolving Loan Fund (HHARLF) are designed to provide security deposit assistance to eligible households if they have no other means of obtaining a security deposit, in order to secure rental housing.
The HSGP was established in 1995 by the New Hampshire Department of Health & Human Services (DHHS), Bureau of Homeless & Housing Services, as an attempt to eliminate homelessness. The Bureau is the administrator of the program, and it contracts with various non-profits and Community Action Programs around the state to run the program for specific geographic locations. The Front Door Agency is the contractor for Southern Hillsborough County in New Hampshire.
Our Service Area
In addition to Nashua residents, we are able to assist those living in the following New Hampshire towns: Amherst, Brookline, Greenfield, Greenville, Hancock, Hollis, Hudson, Litchfield, Lyndeborough, Mason, Merrimack, Milford, Mt. Vernon, New Ipswich, Pelham, Peterborough, Sharon, Temple and Wilton.
How the Program Works
The HSGP provides guarantees of rental security deposits to eligible persons. This is an interest free loan program with a guarantee to the Landlord that, in the event of a default, they will be reimbursed the amount of the security deposit. The tenant will be responsible to make monthly payments over a 12-24 month period interest free to the Front Door Agency, and when the amount is paid in full, the funds will be transferred to the Landlord to hold as the tenant’s security deposit.
In order to be eligible for the HSGP, an applicant must:
- Meet the income eligibility guidelines
- Not currently be living in the apartment or storing your belongings in the apartment
- Not currently have an outstanding loan with the Front Door Agency
- Have the ability to maintain the monthly housing costs (rent & utilities)
- Have the ability to repay the loan within 6-24 months
- Provide good Landlord references
If you have found an apartment and need assistance with a security deposit loan, please click here and complete the application or contact our office at 603-886-2866 for more information.