Serving low-income renters in the U.S. the Section 8 Housing Choice Voucher program pays the balance of a rent payment that is above 30% of the renter's monthly income. It is a must for the rental units to be inspected and approved by the local housing authority. Worried that rental amount might be too high? Not to worry because the Housing and Urban Development (HUD) sets a Fair Market Rent, and the unit rent price should be lower than the set amount.
Locally administered by local housing authorities, each of the housing authorities has different requirements and preferences. Contact your local office to know more about specific requirements.Read More
The most well-known housing program in America is also the most sought after. The Section 8 Housing Choice Voucher (HCV) program is managed by over 2,400 housing authorities all over the country. To make sure that one is offered in your area, contact the local housing authority.
For applicants, the following are the basic qualifications you must meet:
While everyone can apply for the assistance, there are some areas where there are a couple of restrictions or preferences. An example is moving the elderly or disabled at the top of the list. Your rental history and credit report will be taken into consideration as well. Make sure you find out what the restrictions or preferences are by contacting your local housing office.Read More
Owned by private landlords, the Project-Based Section 8 program gives affordable apartment communities for low-income tenants. How does it work? The tenant either pays:
Qualifications or exclusions may include: