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Section 8 Housing Vouchers - HUD and Affordability
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The
Section 8 Rental Voucher Program enables affordable housing
choices for very low-income households by permitting families to
choose privately owned rental housing. Section
8 (Housing Choice)
tenants qualify for federal housing
assistance for a number of different reasons. There are
no racial, ethnical or other criteria over who may or may not
qualify.
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af·ford·a·ble
That
can be afforded: affordable housing
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af·ford-have the financial means; bear the cost:
able to afford a new car.
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Poor people
in America? Not here, right? Section 8,
homeless shelters, Food Banks, Public Assistance and Food
Stamps. Not in your community? Think again. Learn
more about the
history
of Section 8 and Public Housing.
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HOW IT WORKS:
The tenant-based
program which means eligible families with a
certificate or voucher find and lease a unit and pay a portion
of a reasonable rent. Their portion is based on income,
generally around 30% OR LESS. The local housing authority (PHA) pays the owner
the remaining rent, capped by the Fair Market Rent (FMR) or a
fixed percentage. The housing authorities determine the
reasonable rent and the FMR is determined by the United States
Department of Housing and Urban Development (HUD). The landlord
does not have to accept the FMR as rent - they may ask more or
less.
As a landlord who "accepts" Section 8, it may provide
some stability in your cash flow. Be open to it when someone
asks you "do you accept section 8".
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Find More Housing Voucher
Information
Example: California
Section 8 |
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The purpose
of many federal and state programs is to assist those less
fortunate. Many programs come and go.
One basic and
hardest requirements to fulfill is that
of housing for the poor
or
AFFORDABLE HOUSING.
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SECTION 8 DIRECTORY
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The New York City Section 8 program is the largest in the United
States. They serve over 270,000 New Yorkers. Over 29,000 landlords
currently participate in the program.
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GO
TO THE SECTION 8 DIRECTORY
Find your State Section 8 Program
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