Master leasing is a housing strategy that can help reduce barriers to housing and increase housing availability. It involves a third party, like a nonprofit or government agency, that: Subleases units from landlords, Selects tenants, Manages the property, and Assumes financial risk.
Master leasing can help: Reduce discrimination in the private rental market, Broaden inclusion, and Capitalize on available units.
In some cases, participants in master leased units may receive:
Short-term rental assistance
A portion of their rent placed into a savings account
Here are some other programs that may help with housing and rent assistance:
Tenant-Based Rental Assistance (TBRA) Program
Provides rental subsidies and security and utility deposits for up to 24 months
Texas Emergency Rental Assistance Program (TERAP)
Provided rental assistance to income-eligible households impacted by COVID-19
Texas Rent Relief Program (TRR)
Provided rent and utility assistance to low and moderate income Texas renters during the COVID-19 pandemic
Texas Eviction Diversion Program (TDEP)
Provided rental assistance to tenants who had been sued for eviction
A master lease differs from a typical lease in that the lessee assumes many of the responsibilities of the landlord, such as property management, maintenance, and utility bills.