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Updated over 4 years ago on . Most recent reply

User Stats

31
Posts
15
Votes
Mitchell J.
  • Real Estate Investor
  • Chicago, IL
15
Votes |
31
Posts

CHA Accessible Housing / Exception Payment Standard

Mitchell J.
  • Real Estate Investor
  • Chicago, IL
Posted

Hi all -

Does anyone here have experience with accessible housing in Chicago and renting it to CHA / Section 8 tenants?  I've read that these properties can qualify for up to 250% Fair Market Value (see link below) provided the property is handicap accessible and meets the various ADA standards and guidelines.  Wondering how your experiences have been so far, and where you sourced these tenants who have disabilities/require accessible housing.

https://cha-assets.s3.us-east-2.amazonaws.com/s3fs-public/2020-07/Exception%20Payment%20Standard%20Info%20Sheet%20for%20website%202020%20with%20250%20FMR-Revised%20June%202020-Final.pdf

I'm looking at some opportunities in this area, and would love to connect with someone more experienced.

Thank you!

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