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Updated about 2 years ago,
Accurate FMRs Section 8 Colorado 5 beds rates
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