Houston needs more homes for rent

[Jeremy Pakalka]

Here is a great article about the need for more housing assistance. 85,000 people applied to be in the lottery where 30,000 will be added to the wait list. It also states that it is believed that 400,000 families qualify for help here in Houston. This is a great way to get your investment properties occupied and getting checks from the government!

http://www.click2houston.com/news/houstonians-to-g..

[Amir Befroui]

My understanding is that there has been substantive changes to the program, but it's also a rebrand.

Section 8 conjures up images of government owned/run housing projects.  The Housing (not Houston) Choice Voucher Program allows eligible families to go into the private market, find a private landlord who is willing to rent to them, have that landlord meet the HCVP requirements, then move into that landlord's property.  The government subsidizes the rent to the landlord and the tenant pays the difference.

It accomplishes the same goal of providing affordable housing, but it disburses the families, which doesn't lead to concentrations of poverty in housing projects.