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Updated about 2 years ago,

User Stats

65
Posts
42
Votes
Michael Rodriguez
  • Real Estate Investor
  • Thornton, CO
42
Votes |
65
Posts

Accurate FMRs Section 8 Colorado 5 beds rates

Michael Rodriguez
  • Real Estate Investor
  • Thornton, CO
Posted

I really appreciate the posts of  @Jennifer Donley and @Joseph Asamoah around Section 8.

Wondering if any of you can clarify for me the following 2 questions:

Two Big Questions I have before I would move forward

I) Who determines Fair Market Rents (FMR) in these housing authorities? It seems I can charge a rent between 100% of FMR to 140% of FMR it seems. If I buy and rehab a really nice property how do I get assurances I will get 100 to 140%?

II ) Can I get an assurance from one of the housing authority's that if I buy it they will come? More specifically, it seems a cohort of Section 8 voucher holders can move from place to place with that voucher. So how do I connect to those voucher holders?

Thanks, Mike

FYI - Colorado resources I found so far

List of Colorado Public Housing Authority’s https://www.hud.gov/sites/dfiles/PIH/documents/PHA_Contact_Report_CO.pdf

Two resources I found so far 

1) A search engine for Section 8 listings also has fair market rents. I am not sure if these are just generic

http://www.socialserve.com/lan...

2) Denver Housing's Utility reimbursements and Rent's they will pay up to

http://www.denverhousing.org/LWU/section8/Documents/Utility%20Allowance%20Sheet%20%201%201%202021%20with%2010%201%202020%20Payment%20Standards.pdf

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