All Forum Posts by: Lance Mel

Hey everyone,

I've been doing some research on investing in Section 8 housing in Houston and came across something concerning. The Houston Housing Authority (HCHA) just released their 2024 payment standards, and they're considerably lower than last year. We're talking a drop from $4313 to $2764 for a 3-bedroom unit in Tier A-1!

Apparently, the rising cost of assisting voucher holders has stretched the HCHA's budget thin. Here's the kicker: they're only using 96% of their available vouchers. City officials are pointing fingers at landlords, suggesting they're charging inflated rents to maximize the voucher payout.

Mayor Whitmire reportedly lobbied for more funding in Washington back in May. 

So, Houston Section 8 investors, what are your thoughts? 

Thanks Jay! This is a very informative and helpful response, and I appreciate you taking the time to share your knowledge.

I was hoping I could ask you another question:

Does it make sense to provide quality features and amenities in a nicer area when renting to Section 8 tenants?

I understand that Section 8 landlords tend to strip down their rental units to prevent damage, but I'm wondering if it might be worth providing quality features and amenities in a nicer area. Could this increase rent or attract better tenants? Or are they irrelevant?

Hello BiggerPockets community,

I've been exploring the idea of investing in a Section 8 rental property in one of the Tier A-1 Full Coverage zip codes listed on the payment standards for my city. Most discussions on this forum seem to focus on Section 8 investments in lower-income areas, but I'm curious if anyone has experience purchasing a property in a more affluent or decent area for Section 8 rentals.

I understand that the dynamics can be different in these neighborhoods, and I'd love to hear from anyone who has taken this approach. What challenges did you face, and what were the advantages of choosing such a location? How did you find the right property, and what was the tenant screening process like?

Your insights and experiences would be greatly appreciated as I consider this strategy. Thank you for your help!

Hi Vijaianand Thirunageswaram. Could you recommend any companies that manage small multi families in Baytown? Thank!