subsidized housing for veterans

[Jim Hern]

Hi Folks...advice please. I've advertised to rent out half of a duplex and someone viewed it who was very interested and indicated they were eligible for subsidized housing for veterans under this program:

http://hopesouthflorida.org/what-we-do/rapid-re-housing/

I was provided with a letter from the Hope South Florida organization to this person which indicated the following:

”During the period in which you are a part of our program, HOPE South Florida will send a monthly check of 100% of your rent directly to the landlord in addition to paying all move-in fees (first, last, and security deposit). In turn, you will be required to provide 30% of monthly gross adjusted household income (based on current HUD standards) towards your monthly rent to HOPE South Florida. You will also be required to participate in case management services provided through the HOPE4Vets program…”

This is a new one on me and I have never received a rental application from someone with subsidized housing.  I'm apparently going to get to meet with a representative of the Hope South Florida organization later this week.

Any idea how this would be setup so that rent payments to me are in fact guaranteed? Do you have any advice? What pitfalls should I look for?

Thanks in advance.

[Jim Hern]

I thought I’d do a followup. Turns out that HSF signs my lease as the tenant and sublets to the Vet who also signs. Looks favorable to all concerned.

It’s an interesting program. HSF looks well funded.

We will see!