Section 8 Rent Increase In Louisville

[Carlos Ponce]

I am currently analyzing properties on the market. If I were to acquire a tenant occupied property lets say for this example who currently is on Section 8 and the current landlord receives a total of $500 per month. Market value is at $800. Am I able to raise the rent to market value if I were to purchase the property? For this example let's say lease ends December 2023. After that can I raise the section 8 rent to market value or is there a certain % I have to raise it under section 8?