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Updated over 5 years ago,
Small area fair market rents and Section 8
So im looking at buying my first property in a lower income neighborhood here in Miami. I plan on getting the property approved for section 8 but, I'm having trouble finding a definitive answer as far as payment standards and small area fair market rents. The SAFMR for a 2 br in the zip code im looking at is $1590 however, the payment standard according to the housing authority is $1390. This is my first venture into real estate so I'm not too savvy in regards to going about getting answers from the proper authorities.