Section 8 Rent Amount in Bronzeville - Chicago

[Demetrius Davis]

Can anyone share their knowledge of what Section 8 is currently paying for 3-bedroom apartments in Bronzeville - Chicago? I assume it’s a range based on amenities and updates. What’s the range that you’ve seen?

[Paul De Luca]

Quote from @Demetrius Davis:

Can anyone share their knowledge of what Section 8 is currently paying for 3-bedroom apartments in Bronzeville - Chicago? I assume it’s a range based on amenities and updates. What’s the range that you’ve seen?

From their website: https://www.thecha.org/landlor...

 "PAYMENT STANDARDS AND DETERMINING REASONABLE RENT

Payment standards represent the maximum amount of subsidy that CHA can provide a family. CHA does not automatically approve this rent level for a given unit. CHA's monthly rent subsidy depends on a number of factors, including payment standards, the rents of other comparable unsubsidized rental units in the area, allowances for tenant-assigned utilities and the income of the family.

When determining the rent offer made to an owner, HUD regulations require that the amount is supported by the local market. CHA establishes the rental value of the unit by examining comparable unsubsidized units in the area.

For a full tutorial on CHA’s rent determination process, including how to calculate family affordability, we encourage everyone to watch our on-demand webinar: How CHA Determines Contract Rent for Units on the HCV Program."

Basically, it should be in line with the comps.