New Lease is acting as an intermediary for the Executive Office of Housing & Livable
Communities (EOHLC) to place up to 200 project-based Housing Choice Vouchers (HCVs) or
state vouchers (MRVPs) with rental property owners with units ready to lease to families exiting
EA shelter.
New Lease encourages interested owners to apply through an emailed expression of interest
to email info@newleasehousing.org : This email should address program parameters below, as well as noting if the
property currently has a HAP contract for any PBV HCV units with EOHLC or one of its regional
administering agencies.
Applications are open and rolling until New Lease receives qualified commitments for 200
units or until EOHLC ends the program, whichever comes first.
Program Parameters:
Owners may request HCVP or MRVP vouchers, or a combination thereof, subject to availability.
Voucher payment limits applicable at initial occupancy:
MRVP vouchers will pay contract rents UP TO 110% of the higher of large area or small
area Fair Market Rents (LAFMR/SAFMR)
HCVP vouchers will pay contract rents UP TO 120% of the higher of LAFMR or SAFMR
For both programs, rent reasonableness standards apply; the programs will only pay
contract rents comparable with similar unassisted apartments in the same markets
Following initial lease-up, owners may seek contract rent increases per regular
HCVP/MRVP program policies
EOHLC will, for initial lease-up following award, allow up to the value of one month’s
contract rent of vacancy payments if occupancy of a unit is delayed due to delays in
selecting and screening an eligible shelter family or other program requirements. These
payments will be funded through HomeBASE.
Requirements for Owners
Each property owner will be expected to sign a Memorandum of Agreement (MOA) with New
Lease outlining the number of units they are committing, which of their developments will
participate, and agreeing to work with New Lease and service provider partners to best support
the families exiting EA to establish and maintain stable tenancies.
Owners must commit to reserving the units supported by these rental vouchers for occupancy
by families referred by New Lease. Owners will still be able to screen families for tenancy using
the criteria in their tenant selection plans, though must take into consideration all available
Solicitation for New Lease Website
mitigation provided through New Lease or the voucher rental subsidy to address issues such as
poor prior landlord history, prior evictions, or poor credit scores. Owners must also comply with
all requirements of EOHLC’s HCV Program and/or MRVP, as applicable. At the time of HAP/VPC
contract execution, least 25% of the units must be ready for occupancy.
New Lease will prioritize applications where owner commits:
o Units in excellent physical condition, near schools, parks and public
transportation
o Units meeting regional needs, based on rental vacancy rates, EA shelter
population home communities, and units matching need of shelter families
(mostly appropriate number of bedrooms)
o Units in properties whose owners have experience working with EOHLC and/or
EA shelter families
o Units appropriate for EA shelter families, generally two bedrooms or more
o at least 5 units currently vacant and ready for occupancy or vacant and ready for
occupancy within six months based on turnover rates; at least 25% of units
offered must be currently ready for occupancy.
Note that owners must comply, as applicable, with federal requirements for HCVP PBVs if
electing to take on HCVs, including an initial environmental review and generally biennial
inspections of individual units.
Please Contact info@newleasehousing.org with any questions.
