Section 8 Houses for Rent
By Kari Johnson
on March 27, 2012
If you are in debt, or even just having financial trouble, there are things you can cut out of your budget, but there are also things you can’t live without. For example, no matter how tight your finances are, you need to be able to afford a roof over your head. In the interest of helping people with financial difficulties remain sheltered, the government has a program to assist you. You may be able to find section 8 houses for rent in your area.
The program is conducted through the U.S. Department of Housing and Urban Development. If your family is living on a very low income (compared to local income standards), you may be eligible. You also have to be a citizen or an eligible immigrant. Most of the Section 8 vouchers are allocated to families whose income level is less than 30% of the local median income. The rest may go to families whose income level is 50% of the median income.
Only certain houses qualify to be rented in this program. The price (including rent and utilities cost) must be within a certain percentage of the local Fair Market Rent. More importantly, perhaps, for renters is that the home must meet certain health and safety standards. They cannot be public housing, dorms, or places that provide medical assistance. Also, the owner of the house cannot be a fellow occupant.
Qualifying families will receive these vouchers from local housing authorities called public housing agencies. Once they’ve received a Section 8 voucher, the family is then responsible for finding a house that meets these qualifications. The local public housing agencies may have a listing of qualified homes. On the other hand, some homeowners may advertise, as part of their information, that they can and are willing to rent to tenants with Section 8 vouchers.
If the house meets these qualifications and is listed near Fair Market Rent, you may be able to use a Section 8 voucher on it. This is, of course, if your family meets the immigration and financial requirements to qualify. For tenants, this is a good way of having housing while spending less money. For renters, these homes have shorter vacancies, lower turnovers, and more dependable payments. As long as they both have the necessary qualities, they both stand to benefit from the arrangement.