Section 8 Housing Rents Question - Charlotte

[Jerry Mical]

Hello all,

I have been researching Section 8. I understand there are a lot of strong opinions on both sides of to rent to Section 8 or not to rent to Section 8. My wife and I have decided we want to pursue it for various reasons, of which are not the point of this post.

We are curious about how the rents work for Section 8 in Charlotte, and I can't seem to make total sense of it. Per the screen shot from the HUD website (https://www.huduser.gov/portal...) , for a 4 BR the Fair Market Rent is 1,840. We were looking at advertising our unit for $2,100 and so my question is if we do so, will HUD cover $1,740 (FMR of $1,840 minus utilities of $100) and then the renter would be expected to cover the $360 to meet our rent price of $2,100? I feel like I am missing some data here or not considering an important part of the calculation. For what it is worth, our property is recently updated and has good amenities (washer/dryer, fridge, new dishwasher, oven/stove, big fenced in backyard, patio, fire pit, and a driveway that can fit 4-5 cars).

If my scenario is correct, based on anyone with experience in Section 8 housing, will there be potential renters in the program who will meet the HUD requirements to be eligible for a property over the FMR for a large 4BR unit? This is likely a question for my local HA, but figured I would ask if anyone has the experience.

Thanks all!

Jerry