What is the W-147N Form Used For? Understanding Its Purpose

Definition and Purpose of the W-147N Form

The W-147N form, also known as the HRA Security Voucher, is a document issued by the New York City Human Resources Administration (HRA). It serves as a security deposit alternative for low-income tenants, particularly those receiving housing assistance such as CityFHEPS (City Family Homelessness Prevention). This form guarantees landlords payment for up to one month's rent in case a tenant fails to pay rent or causes property damage. By utilizing the W-147N, tenants can avoid the burden of upfront cash deposits, making housing more accessible.

How to Obtain the W-147N Form

To obtain the W-147N form, tenants must first be enrolled in a qualifying HRA program. The process typically involves the following steps:

• Contact HRA: Tenants should reach out to their HRA caseworker or visit an HRA office to express their need for a security voucher.
• Eligibility Assessment: HRA will assess the tenant's eligibility based on their housing assistance program.
• Receive the Form: Once approved, the tenant will receive the W-147N form, which they can present to their landlord.

Steps to Complete the W-147N Form

Completing the W-147N form involves several straightforward steps:

• Tenant Information: The tenant must provide their personal details, including name, address, and contact information.
• Landlord Information: The form requires the landlord's name, address, and contact details.
• Details of the Rental Unit: Tenants must specify the address of the rental property and the amount of rent.
• Signature: The tenant must sign and date the form to validate it.

Key Elements of the W-147N Form

Understanding the key elements of the W-147N form is essential for both tenants and landlords. The form includes:

• Security Deposit Amount: The form specifies the amount guaranteed to the landlord, which is typically equivalent to one month's rent.
• Claim Process: Instructions on how landlords can claim the funds if the tenant fails to pay rent or damages the property.
• Documentation Requirements: Landlords must provide proof of unpaid rent or damages, such as receipts or photographs, when submitting a claim.

Legal Use of the W-147N Form

The W-147N form is legally recognized within New York City as a valid security deposit alternative. Its legal use includes:

• Tenant Protection: The form protects tenants from the financial burden of upfront cash deposits while ensuring landlords are compensated in case of tenant default.
• Compliance with HRA Programs: It must be used in accordance with HRA guidelines and within specified time frames to ensure validity.

Who Typically Uses the W-147N Form?

The W-147N form is primarily used by:

• Low-Income Tenants: Individuals or families receiving housing assistance or those who qualify for programs like CityFHEPS.
• Landlords: Property owners who rent to tenants utilizing the HRA security voucher as a substitute for cash deposits.

Examples of Using the W-147N Form

Real-world scenarios illustrate how the W-147N form functions:

• Scenario One: A tenant moves into a new apartment using the W-147N form. The landlord accepts the voucher, eliminating the need for a cash deposit.
• Scenario Two: After a tenant vacates without paying rent, the landlord submits the W-147N form along with evidence of unpaid rent to claim the guaranteed funds.

Important Terms Related to the W-147N Form

Familiarity with key terms associated with the W-147N form enhances understanding:

• Security Voucher: A document that guarantees payment to landlords under specific conditions.
• CityFHEPS: A program designed to assist families experiencing homelessness in securing stable housing.