Starting Dec. 1, 2024, Threshold is updating its landlord incentives and risk mitigation guidelines to better support property owners while continuing to address homelessness. Learn about the new adjustments and how they will help enhance partnerships, streamline processes, and provide stability for both property owners and tenants.
Starting Jan. 1, 2025, Arizona’s rental tax ban will eliminate the need for property owners to collect rental taxes from tenants. As a property owner, this change affects rent and additional charges, but not your income. Learn how to comply with new regulations, adjust lease agreements, and pass on savings to tenants in this essential guide.
Padmission Connect simplifies the rental process for property owners. This innovative platform enhances visibility, connects with tenants in need of housing assistance, and streamlines listing management for effective property management. This easy guide walks you through the setup process step by step.
Threshold is proud to announce the release of its 2024 Annual Impact Report. Highlighting key achievements in housing stability, this report showcases our success in expanding property engagement, increasing permanent housing placements, and improving voucher utilization. Discover how our efforts are transforming lives and creating a more inclusive Arizona.
Discover the key differences between Rapid Rehousing (RRH) and Permanent Supportive Housing (PSH) in this insightful blog. Learn how these housing programs address homelessness and what property owners should consider when participating. Explore the benefits, challenges, and opportunities each program offers for both landlords and vulnerable populations.
Housing vouchers are more than just financial assistance — they’re a proactive solution to homelessness. By covering a portion of rent, these vouchers empower low-income individuals and families to secure stable housing in the private market, reducing the risk of eviction and fostering long-term community stability. Find out how this vital program is transforming lives.
Curious about how to set fair rental rates that benefit both you and your tenants? Discover the essentials of rent reasonableness in this in-depth blog. We break down what rent reasonableness means, the factors influencing it, and best practices to ensure your rents are competitive and compliant. Learn how to optimize your property’s performance and maintain tenant satisfaction.
Discover the key insights from the 2024 State of the Nation’s Housing report by the Harvard Joint Center for Housing Studies. Uncover how rising housing costs, shifting homeownership trends, and multifamily unit growth impact property owners and managers. Learn what steps you can take to ensure your properties thrive in these challenging times.
Faster move-in times are a vital aspect of effective property management, offering significant advantages for property owners and managers. By minimizing vacancies and turnover costs, this streamlined process enhances tenant satisfaction and fosters long-term tenancies, leading to improved property performance.
We believe that everyone deserves the chance to live in a safe, decent, and affordable home, regardless of ZIP Code. By breaking down geographic barriers and increasing access to quality housing options, we aim to empower individuals and families to lead better lives and contribute to the overall well-being of our communities.
With founding funding from
With founding funding from
©2024 Threshold
Move Out
If damage or eviction occurs despite interventions, the Owner will follow the Risk Mitigation Fund Guidelines and submit a damage claim in seeking reimbursement from Threshold for move-out charges up to:
Move In
An initial lease can qualify for an incentive for any combination of the following criteria. All incentives must be verifiable, either by the Owner Operator Support team or Housing Specialist, so please provide documentation noted below:
incentives will be awarded for the first 5 leases a new partner executes, regardless of the timeframe the move-ins occur. (This replaces the 6-month introductory period and enables operators to fully take advantage of incentives.)
incentives will be awarded when using an alternate screening criteria after the initial 5 tenants. Alternate Screening Criteria is any criteria that would typically screen out a specific tenant for a unit, such as:
-the unit usually screens out anyone with criminal history on record
-the unit usually screens out anyone with a previous eviction
but the owner/operator partner will reduce screening criteria for the specific tenant.
incentives for accepting tenants with low/no income will only apply to Rapid Rehousing programs, as PSH program tenancies are fully subsidized, even for tenants with zero income.
incentives will no longer be awarded solely for lowering rents to FMR/PS except for Rapid Rehousing Programs. New rental amounts and risk mitigation funds totaling 4 times the monthly rent make Threshold-supported tenants the smart business choice for property management portfolios.
Tenancy
All the programs provide both financial rental assistance and client-centered supportive services designed to ensure housing stability and recovery. Supportive services provider partners – integrated behavioral health and homeless services providers – help tenants achieve their goals, generally including
Lease Up
Once an applicant has been approved, the operator must complete a Request for Tenancy Approval (RFTA) which includes payment information, lease details, and comparable units to verify rent reasonableness. The RFTA can be found at www.thresholdaz.com/rfta. Other than lease information, a RFTA consists of the following information:
Submit this packet to RFTA@HOMInc.com for processing. A Housing Specialist – a housing professional, often a prior property manager, current REALTOR licensee, or expert in a related field – assigned to support the specific participant, will reach out with any questions or inquiries.
Helpful Tip: This Housing Specialist will be the lead point of contact regarding the individual tenancy, including processing the RFTA, scheduling leases, coordinating care with service providers, and addressing any tenancy concerns.
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How It Works
