What Does The Term Section 8 Mean?
Housing Choice Voucher Program - The Housing Choice Voucher Program, also known as Section 8, is the federal government's program for assisting low-income families, the disabled, and the elderly afford housing. Participants can choose housing that meets the requirements of the program and receive housing vouchers to help with their rental costs.
Is Section 8 a good thing?
Deciding whether to become a Section 8 landlord is definitely a personal choice. For many, the pros do not outweigh the cons. However, for landlords who have a careful tenant screening and selection process, this program can be a good option for earning guaranteed rental income each month.
The Pros & Cons of Being a Section 8 Landlord | Millionacres
What do you need to qualify for Section 8?
In general, the applicant must be 18 years old and a U.S. citizen or eligible noncitizen with a household income of less than 50 percent of area median income. Eligibility is also based on family size. Determine if the local PHA has any restrictions or preferences.
Section 8 Housing Voucher Program Eligibility
What's the difference between Section 8 and Section 9?
LeRoy added that Section 8 also lifts the cap on how many affordable units can be created at the authority. Under Section 9, that cap stands at 309 units. Allowing for expansion under Section 8 is useful at a time when the availability of affordable housing and funding for such programs may be drying up, she said.
Housing authority discusses Section 8 conversion — what does that mean?