trying to find out how much ayou are allowed to charge for sec 8 rent?

Answer 1

It's determined by the county you are in and the # of bedrooms (I've never heard of it having to do with the neighborhood?). Anyway, I do know that most section 8 offices will not tell a landlord what they will allow but if a person with a voucher calls in and asks if they would qualifty and if so what their portion would be (which is based on rental amount and their income) then they can get an answer which would help you determine what you could get for your place (that is if you are the landlord).

I have found that you can sometimes get more from a sec. 8 tenant than from a non-sec.8 tenant if the area doesn't have many rental properties that are accepting vouchers. In most cases it seems to be good for the landlord if you are in a bad area and would usually get a lower rate but bad if you are in a good area (example on the beach) and would get a higher rate because of the location or because it is a brand new home.

One more thing. You can set your rent at whatever you want but section 8 might not approve it for the prospective or current tenant and in that case they will ask (it might come across as telling if you let them) to set it lower.

Answer 2

Depending on where you live and the type of unit that your trying to rent, however section 8 housing will only pay what they feel is fair market rent. If your looking to determine that, then I would recommend talking to a realtor that specializes in rental property. I believe you can also go to the state website to research the parameters of Section 8 rent as a landlord. Good luck

Answer 3

It depends on the size neighborhood and how much section 8 is willing to pay for the property.

Answer 4

Contract rents for Section 8 varies on several different things. But, you first need to know if it is a Section 8 certificate or Section 8 Voucher. They are very different.
A certificate has a cap on the amount section 8 is willing to pay for fair market value for the property type, location and size.
A voucher there is no cap. It allows a participant to choose how much of their income will allow them to cover the 30 to 40% of their income towards the rent.

What are housing choice vouchers?
The housing choice voucher program is the federal government's major program for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. Since housing assistance is provided on behalf of the family or individual, participants are able to find their own housing, including single-family homes, townhouses and apartments.

The participant is free to choose any housing that meets the requirements of the program and is not limited to units located in subsidized housing projects.

Housing choice vouchers are administered locally by public housing agencies(PHAs). The PHAs receive federal funds from the U.S. Department of Housing and Urban Development (HUD) to administer the voucher program.

A family that is issued a housing voucher is responsible for finding a suitable housing unit of the family's choice where the owner agrees to rent under the program. This unit may include the family's present residence. Rental units must meet minimum standards of health and safety, as determined by the PHA.

A housing subsidy is paid to the landlord directly by the PHA on behalf of the participating family. The family then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program. Under certain circumstances, if authorized by the PHA, a family may use its voucher to purchase a modest home.

Am I eligible?

Eligibility for a housing voucher is determined by the PHA based on the total annual gross income and family size and is limited to US citizens and specified categories of non-citizens who have eligible immigration status. In general, the family's income may not exceed 50% of the median income for the county or metropolitan area in which the family chooses to live. By law, a PHA must provide 75 percent of its voucher to applicants whose incomes do not exceed 30 percent of the area median income. Median income levels are published by HUD and vary by location. The PHA serving your community can provide you with the income limits for your area and family size.

During the application process, the PHA will collect information on family income, assets, and family composition. The PHA will verify this information with other local agencies, your employer and bank, and will use the information to determine program eligibility and the amount of the housing assistance payment

If the PHA determines that your family is eligible, the PHA will put your name on a waiting list, unless it is able to assist you immediately. Once your name is reached on the waiting list, the PHA will contact you and issue to you a housing voucher. To find out more information visit www.hud.gov on the type of rental subsidy programs they offer as well as the requirement for both landlords and tenants.

Answer 5

you have to contact section 8 and find out how much rent they will pay. every state and county have different amounts for rent.