Housing Choice Vouchers Help Tenants and Benefit Landlords

There are many local and federal programs that help individuals and families with low incomes afford safe, decent and clean rental homes in which to live and raise their families.One of the largest housing assistance programs is the federally funded Housing Choice Voucher program, commonly known as Section 8.Knowing how the program works can help open up a new group of tenants for your rental property, dispel some myths about the programs and the people it helps, and provide stability and consistency for you and your renter.Here are the basics to be aware of.What is a housing choice voucher?A housing choice voucher is a form of rent subsidy that helps low-income individuals, families and seniors.A home is generally considered affordable for a family if the family spends about 30% of their monthly income on it. The amount of the voucher is determined by the renter’s income and the market rate of their rental home.For instance, a family with a monthly income of $1,800, using a Housing Ch...