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Updated over 1 year ago,
Updated Section 8 Payment Rates
Effective October 1, 2023, Department of Housing and Urban Development (HUD) made changes to the Section 8 payment system. The payment calculations have been reviewed and adjusted to better reflect current rental market conditions. This year for many of the neighborhoods in Philadelphia and surrounding suburbs there was a huge increase in what landlords could be receiving in rent each month. Even though a couple of areas shifted around into lower groups they still got a decent increase.
With the new payment schedule, are there any landlords out there considering Section 8 rentals now or are you going to stick with regular rentals? Other Section 8 landlords, did you see the same increases in your area?