Is there really a new gov't program?

[Daniel Mohnkern]

I was recently contacted by a friend who wants me to come into a deal with him which was showed him by his real estate agent.  

The agent is telling him there is a program where he can invest $300k buying 3 $100k SFH's and the gov't will put 3 elderly people in each house, paying $800 per tenant per month equaling $2400 in rent per house per month.

This sounds fishy to me because market rent in the area discussed is generally around $700/month per SFH.

Is there a new gov't program I don't know about or is she teaching him about section 8?

[Lundy Lundmark]

I'm not an expert in this but trying to educate myself on this concept. I have heard other investors  doing just this.. it falls under home care thing.. other investors have put 4 different elderly people  in a large 5 bed home and having a full time care giver on site and Medicare helps pay for that type of leaving. If anyone has any other input on this, would love to hear it..