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8 <br /> funded HCV Program, which provides monthly <br /> utility assistance to applicable low and very low <br /> income households. <br /> RENTAL ASSISTANCE The amount of the monthly assistance that OCHA will pay <br /> on behalf of a family, may not exceed the difference <br /> between the rent payment standard for the unit size and <br /> thirty (30) percent of the family's monthly adjusted income. <br /> SECURITY DEPOSITS A limited number of security deposit grants will be provided <br /> to eligible applicants, subject to the availability of funds and <br /> at the sole discretion of the OCHA. Participants must <br /> document, in writing, their efforts to secure security deposit <br /> funding from other sources and demonstrate insufficient <br /> personal funds. The maximum amount of funds that may be <br /> provided for the security deposit is the equivalent of two <br /> months' contracted rent for the unit. <br /> Only the tenant (not the landlord) may apply for security <br /> deposit assistance. <br /> THE TERM OF THE RENTAL The term of the rental assistance contract may not exceed <br /> ASSISTANCE twelve (12) months, but may be renewed, subject to the <br /> availability of annual appropriations from Orange County or <br /> the program, and at the discretion of the OCHA. <br /> FUNDING The OCHA will make annual funding requests to Orange <br /> POLICIES AND PROCEDURES County for the program. In turn, the County will request <br /> HOME TBRA funds, as well as provide Risk <br /> Mitigation/Housing Displacement funds based on the <br /> availability of applicable program funds. <br /> The Orange County Board of County Commissioners will <br /> review and approve all policies, procedures and guidelines, <br /> as well as amendments. The Orange County Housing <br /> Authority Board of Commissioners, serves as the Board of <br /> Directors for the Housing Authority, adopts policies and <br /> procedures annually. <br /> 1 The Local Rent Supplement Program adheres to the <br /> 2 federally-funded HCV Program model, unless otherwise <br /> 3 noted in these Guidelines. If there is a conflict between <br /> 4 program regulations and the HCV Administrative Plan, <br /> 5 the OC Local Rent Supplement Program regulations <br /> 6 have precedence. <br /> 7 In addition to evidence of eligibility required under the <br /> 8 HCV Program, applicants must meet one of the <br /> 9 following requirements to qualify for the Local Rent <br /> 10 Subsidy Program: <br /> 11 1. Homeless Individuals <br />