WHEN LIFE THROWS A LEMON.
Life happens at times, sometimes our pay check cannot meet all our demands especially housing. If you find yourself in a situation your income cannot sustain your housing. Look no further! You may qualify for a Section 8 housing assistance. We will give you a quick guide to qualifying for a Section 8 program
WHAT IS SECTION 8?
In response to the lack of affordable housing for Americans, the Federal Government created some programs to assist anyone that may qualify for assistance for housing.
One of the programs is the Section 8 housing program (This refers to the housing Act of 1937, also called the housing choice voucher program) These programs were created by The US Department of housing and Urban Development also known as “HUD”. Section 8 programs were created to provide low income families and individuals with affordable housing.
WHAT ARE THE REQUIREMENTS FOR SECTION 8?
To qualify for Section 8 you must have a low income.
The Section 8 tenant must pay rent of an amount that will not exceed 30 percent of their income and the rest of the rent, will be paid directly to the landlord by the housing authority.
The portion of the rent paid by the housing authority is calculated by the (Fair Market Rent)The fair market rent is calculated by 1) The geographic area. 2)Rental units size. 3)Who pays the utility bills?
The tenant has two options, a project voucher that will be for a particular apartment complex or they can choose a tenant based voucher, which will allow one the liberty to live in any unit or any apartment complex.
With a tenant based voucher, a section 8 applicant can live anywhere in the US where the the Section 8 program is offered. For more info click on low income housing.