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Vouchers are not an entitlement
and only a small percentage of eligible
applicants receive them. Most are
put on a waiting list when they
apply. Recipients may select any
housing with rent at or below the
'fair market rent' set by the U.S.
Department of Housing and Urban
Development (HUD), if the owner
agrees to accept the voucher as
payment. The family pays 30 percent
of its income toward rent and utilities.
If
you wish to rent to Section 8 Voucher
holders, you should inform the local
Housing Authority of the availability
of your property and also indicate
in your advertising that you welcome
Section 8 Voucher holders. Ultimately,
it is the voucher holder's decision
whether or not to rent your property.
Of course, as the landlord, you
would screen the Section 8 voucher
holder just as you would any other
prospective tenant. The
landlord must meet basic sanitary
and safety requirements such as
providing functioning bathrooms,
a kitchen or area for preparing
food, locking doors, secure windows
and smoke detectors. Section
8 tenants may find you just by
responding to your ad or 'For
Rent' sign. Otherwise, contact
your local PHA or the HUD office
in your area. Typically, you will
exchange information and then
the PHA will add your property
to their list of available rentals or you can upload your property information onto several web sites that specialize listing Section 8 or Plan Ocho properties.
Section
8 or Plan 8 is a housing subsidy for low-income
families and individuals. The funding
comes from Housing and Urban Development
(HUD) and your local Public Housing
Authorities PHA. These are the
government agencies that will generally
administer the programs. Section
8 Programs can be designated in
state, county, city, or metropolitan
regions. There are many types of
Section 8 programs available; however,
the programs which most property
owners are likely to encounter are
vouchers and certificates.
Sec 8 Page Author +Bob Burns
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