Sec. 109. Landlord Guarantee Program
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The Secretary shall develop and implement a Landlord Guarantee Program (in this section referred to as the Program ), to be administered by public housing agencies, to provide financial assistance to landlords to mitigate damages caused by tenants receiving tenant-based rental assistance under section 8(o) of the United States Housing Act of 1937 ( 42 U.S.C. 1437f(o) ). In order to receive assistance under the Program, a landlord shall— obtain judgment against the tenant from the public housing agency with jurisdiction over the property; submit to the Secretary an application to receive assistance under the Program not later than 1 year after the date on which the landlord obtains judgment under paragraph (1); and rent to a tenant with a valid guarantee.
Amounts received under the Program shall only be used for reimbursing amounts in a judgment described in subsection
(b)that are related to property damage, unpaid rent, or other damages, including damages— caused as a result of the occupancy of the tenant, including where the tenant is a victim of domestic violence, dating violence, sexual assault, or stalking; that exceed normal wear and tear; and that are in excess of $500 but not more than $5,000 per tenancy. The Secretary shall assess and collect a fee from each landlord that participates in the Program that is equal to 1 percent of the rental value of the property for which the landlord seeks to mitigate damages caused by tenants. A tenant shall be eligible for not more than 2 claims under the Program every 10 years. A landlord shall be eligible for not more than 1 claim under the Program per dwelling unit every 10 years. There is established in the Treasury of the United States a fund to be known as the Landlord Guarantee Program Fund, into which shall be deposited— amounts appropriated to the fund; and all amounts collected as fees under subsection (d). The Secretary shall issue regulations to implement the Program, including regulations relating to— additional qualifications and requirements that a landlord is required to meet to receive assistance under the Program; and the form of application that a landlord shall submit to the Secretary to receive assistance under the Program.
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Sec. 109
Landlord Guarantee Program
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