By Fred Kelly
Charlotte Observer
Monday, Nov. 21, 2005
Charlotte officials are considering a plan that would waive rental security deposits for hundreds of low-income families.
Crisis Assistance Ministry and the Charlotte Apartment Association are asking the city to finance a program aimed at reducing homelessness among the working poor and filling vacant apartments.
Under the proposal, Crisis Assistance Ministry would refer 300 working families to landlords who would waive security deposit requirements. The social agency provides emergency financial relief to the poor.
City officials would use public funds to pay the security deposits in cases where recipients do not fulfill terms of their leases.
Organizers estimate the average security deposit is $500. They anticipate 10 percent of participants will break their lease agreement.
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