Section 8 Philadelphia?

[Marc Possoff]

Hi have newly renovated house in Grays Ferry area of Philadelphia. 2 bedroom which looks to be in the green zone.

According to this it’s the green zone @ $1341 / month.

http://www.pha.phila.gov/media/178250/hcv_voucher_briefing_guidebook_2020_3_sheet.pdf

I general let’s say the rent is $1341 / month how much will be received from the program and how much from the tenant?

This is a start on asking thanks!

[Louise Cornell]

@Marc Possoff Generally, how much the tenant pays vs. how much you get from the program is income-related but it can be pretty case-by-case. The investors that I work with have a fairly easy time getting set up with Section-8 but you might not know how much you'd get from who until you get placed with a tenant. 

Happy to answer any other questions.