Section 8 Rental Properties
Many people rely on section 8 housing as a way to live in affordable housing with their families. Section 8 houses includes all home types including apartments, condos, houses, townhouses, duplex style homes and even mobile homes in some cases. There are a few criteria that an individual will need to meet in order to qualify for section 8 housing.
Section 8 housing was established by the 1937 Housing Act that was established after The Great Depression. The stipulations involved in this act state that tenants must not pay more than thirty percent of their income towards rental or housing costs. The government will then pay anything beyond that to the landlord. This Act was established as a way to help Americans get back on more individual financially secure ground.
Those seeking section 8 housing assistance will need to become prequalified for this service. Once a individual or family is qualified to take part in the section 8 housing option they will be added to a wait list. The wait list will include properties in areas that the individual or family wish to reside in. Once a rental property is available the person or family will be notified and they can start the process of acquiring the property as a rental residence.
Landlords that choose to participate in section 8 housing will have to adhere to a strict set of rules and guidelines that are set forth by HUD. These rules include safe residences that also provide adequate utilities for tenants. Landlords that adhere to these rules find themselves in positive situations. Rent is always paid on time and tenants also have to follow guidelines to keep the property nice and livable. This provides landlords with ideal tenants and provides tenants with ideal living conditions that they otherwise would not be able to afford. For more info click on section 8 waiting lists.