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Updated 10 months ago,
Section 8 New York City
Hi,
I’m looking to buy a 2 family house in Brooklyn NY. 1 tenant is on the section 8 program and they pay $2000 rent. The seller is saying that the lease expired years ago therefore there has been no rent increase.
If I purchase the property and make a new lease with the same tenant will I be able to get the max section 8 pays for a 3 bedroom which is $3777?
Thanks