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Updated over 9 years ago on . Most recent reply

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Kelly N.
  • Investor
  • SE, MI
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Ban on renting to Section 8, 3 year time limit on renting rules proposed for new development

Kelly N.
  • Investor
  • SE, MI
Posted

Hello All,

I thought some would find this article interesting:

http://www.mlive.com/news/ann-arbor/index.ssf/2015...

I am curious to know how they will enforce the time limit on how long you can rent out a house (3 years) and how they will stop people from accepting Section 8.  The current fair market rents are slightly higher than the the going rates for this area...

Kelly

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

John, HUD and fair housing laws were around before your favorite President. Dang, it's raining again, we don't need any more rain! That Obama bunch is at it again!

Many aspects will probably fly, police powers must be consistent. 

Sec 8 is clearly rubs fair housing laws, we will see what HUD may say. Kinda hard to ban the federal government.

Had they just used a rental property tax, that would have made it an economic restraint, a better way in my opinion. 

It's what happens when social factors are at play and are ignored. 

My question too, is how did a group of investors move in buying a bulk of "nice homes", I'd think there were other problems there in the beginning, like poor P&Z, thinking they'd build another Key West. LOL 

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