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Updated over 3 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Zach Norris
  • Rental Property Investor
  • Columbus, OH
1
Votes |
4
Posts

Section 8 Information

Zach Norris
  • Rental Property Investor
  • Columbus, OH
Posted

Hey everyone! I have a single family rental listing in Canal Winchester, it's a 3bed 2.5 bath. I'm getting some interest from Section 8 applicants, and after doing some research I'm getting conflicting information on if a tenant can cover the difference between market rent and their voucher amount. Example below -

Market rent: 1850

Section 8 Voucher: 1450

Tenant: covers 400 difference and pays directly to landlord

Can someone clarify if this is permitted or not? To be clear, I've heard of people doing this. I'm trying to understand if they're doing it under the table because it's not allowed by the housing authority, or if it is in fact permitted - Thanks!!! 


Most Popular Reply

User Stats

190
Posts
224
Votes
Allen Tracy
  • Chatsworth, CA
224
Votes |
190
Posts
Allen Tracy
  • Chatsworth, CA
Replied

Section8 will tell you what the total amount will be and they actually determine the amount they will pay and the amount the tenant portion will be. I was originally trying to get $725 for a unit, Section8 said they would do $716 total with them paying 78% of that and the tenant paying the remaining 22%. A few years later we submitted a rent increase which Section8 agreed to, re-evaluated the tenant’s income, and changed the percentage that they had to cover. 

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