Section 8 Info. - Landmark Group

SECTION 8 INFORMATION

WHAT IS SECTION 8? The Housing Choice Voucher (HVC) program, oftentimes referred to as Section 8, was established in 1974 by the US Department of Housing and Urban Development. It is voucher based, meaning the tenant can take the voucher with them wherever they move, so long as the landlord accepts the voucher. It is also an entitlement program meaning that once a tenant qualifies for the program and does not violate any of the rules throughout, the voucher cannot be taken away. The present value of Section 8 is based on the number of bedrooms in the house, and the amount paid by the tenant depends on how they meet certain criteria.

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Omaha Housing Authority

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Douglas County Housing Authority

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Southern Iowa Regional Housing Authority

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Bellevue Housing Authority

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Sarpy County Housing Authority

ADVANTAGES OF SECTION 8

DISADVANTAGES OF SECTION 8

Most of the rent comes from the government.

The tenant's rent is right sized with their income, which means that they pay no more than 30% of their income on rent.

Under the program guidelines, the unit has to be inspected at least once a year.

It is a great way to make sure your rental property is kept in good conditions.

The housing authority requires tenants to have good housekeeping to retain the voucher.

Landmark's experiene has been that the tenant stays an average of three to four years.

As with any federal program, there is a lot of paperwork.

You are required to make the repairs that the Section 8 inspectors want. If you do not make the repairs, they will require the tenant to move.

After a tenant first moves in, it can take up to four months to get the first rent check from the housing authority. The first payment is retroactive and the tenant is required to pay during this beginning period.