What is Section 8 & How Does it Work?
Section 8, also known as the Section 8 Housing Choice Voucher Program, exists to provide housing solutions for low income families.
The program provides families with a certificate or voucher that allows them to lease an apartment or home they otherwise couldn’t afford.
Families pay some “reasonable rent,” which is a percentage of their income; the remaining rent is covered by the local housing authority. Total rents are determined by the local housing authority, and are capped by the Fair Market Rent (FMR), which is set by HUD (US Department of Housing and Urban Development).
Important Section 8 Resources
- HUD Determined Fair Market Rents
Annual FMR Charts, including different schedules for section 8 landlords – From HUDUser.org
- Locate Your Local Public Housing Agency (PHA)
Non-profit Section 8 rental listing resource.
- U.S. Department of Housing and Urban Development (HUD)
Section 8 Articles
- The Advantages of Section 8 Rentals
- The Disadvantages of Section 8 Rentals
- 5 Reasons Why You Should Rent To Section 8 Tenants
- The Pros and Cons of Renting to Section 8 Tenants
- Why Section 8 Can Be Great!
- What Is Section 8 And How It Affects You As A U.S. Landlord
- The Pros & Cons of Section 8 Rentals