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Updated over 2 years ago,
section 8 rental increase
I have had a Section 8 tenant for the last 14 years in Brooklyn. The rent is very low because of the rent restriction for yearly renewals. (3 bedroom - $1965.00). Tenant is now leaving. Question. With the new Section 8 rent increases (3 bdr appr.$2800.00) and a new tenant, will I be entitled to automatically make such an increase without being turned down (denied) or would I have to show comparables to qualify. ( I make application 3 years ago and was denied). Those low rents are causing financial hardships.