The section 8 program is beneficial to both the tenants and landlords. The Federal government provides assisted housing to those who have low incomes. It is the United States Department of Housing and Urban Development who run the program; they deal with applications as well as the section 8 housing requirements.
There are set fair housing laws which are monitored by the Department of Housing and Urban Development. In order for landlords to be accepted on the program they will have their properties examined by Government workers.
Firstly the price of the rent will be assessed and possibly capped according to the Fair Market Rent. How the Housing and Urban Development decides on the rent limit is by taking into account the location, either city or the county the property is in. The general rule is that the rent is higher in metropolitan areas. The size of the apartment of home is also looked at. The more rooms the higher the rent cap will be. A one bedroom apartments located in a non-built up area will cost less than a larger apartment in the middle of a city.
The cost of the utility bills is another factor which determines the fair market rent. This is dependent on who is responsible for covering the cost of household bills, the landlord or the tenant. Rent will be higher if the rent is inclusive of the utilities.
Homes on the section 8 program will also be checked to see if the pass the High Quality Standards imposed by the Housing and Urban Development. An inspection will be required to see if the homes are deemed safe and will provide a healthy living environment. The purpose of this is not only for the tenants benefit, but also to improve the general condition of the community and improve development.
Once all the requirements are met, and any improvements finished landlords are able to accept families into their section 8 housing. It is down to the landlord and not the HUD to screen prospective tenants.
It is worth considering that it is a requirement of the tenants to agree to maintain the condition of the housing, and they have to agree to family obligations. Should they treat the property without care and respect the family will no longer be accepted on the program. Landlords cannot evict a section 8 tenant without using judicial action, so it is in the tenants best interest to keep their housing in a good state of order.
There is a huge list of tenants needing to be housed, which mean a constant supply of tenants to live in their accommodation. As the public housing agencies pay the majority of the rent, landlords receive prompt payments and are less likely to have to chase the rent. And with families facing loss of the voucher if they don’t maintain the property, tenants are often well behaved and respectful of their rented homes. These reasons show main benefits for landlords who meet the section 8 housing requirements, and help provide successful rentals.
Resource link: http://nyc.gov/html/nycha/html/section8/section8.shtml