Can Section 8 Rates Be Renegotiated?

[Damon L. Davis]

Hey team, 

I have a TH in Jacksonville with a Sec 8 tenant. Steady income, but the property is earning well below fair market rental rates for the conventional rental tenant market - roughly ~$500. Can I appeal to the Sec 8 program to increase the rental rate for the property? Or would it be better to leave the program and accept conventional tenants at higher rates? Thanks for your input!