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Updated almost 5 years ago,
Illinois Section 8 standard rates
I am considering BRRRRing properties in lower income areas then renting them using the Section 8 (housing choice voucher) program.
However,
I’m having difficulty figuring out what the standard payouts are and how they work?
I was told by a representative to: “take the zip code and look at the range (ie d18). Then look at bedroom amounts and what the tenant has a voucher for.
However, for the life of me I can’t find a chart discussing this and I’m not sure where to find differences in zip codes when I can’t even find one standard chart (and how that makes the standard payment change). I also don’t know what D18 is...
Can anyone help?