In RAD PBRA, is the owner allowed to continue recognizing a security deposit that has been previously provided by an in-place tenant?

Under the Rental Assistance Demonstration (RAD) program with Project-Based Rental Assistance (PBRA), owners are indeed allowed to continue recognizing any security deposit that was previously provided by an in-place tenant. This is significant as it ensures continuity and respect for the rights of existing tenants, allowing them to maintain their security deposits while transitioning into the new regulatory framework of RAD PBRA. It not only affirms the validity of the security deposit agreement that existed before the conversion but also protects the interests of tenants by upholding their existing financial commitments and agreements. Hence, the recognition of pre-existing security deposits is a vital component in fostering trust and stability within the community during the transition period.