Can I choose an apartment with rent higher than the Fair Market Rent established by HUD?
Yes. But you will have to pay any additional rent charges in excess of the Fair Market Rent. So, if the Fair Market Rent for the area is $800 and the apartment you want rents for $1,000 you will have to pay $200 in addition to 30% of your adjusted income. How long does it take to get a voucher? It varies. The Section 8 program has historically been oversubscribed and waiting lists can run into the years. In fact, many housing authorities frequently close their waiting lists and stop accepting applications because the waiting lists are so long. To find out about wait times in your area call your local public housing authority. Use the search tool above to locate the housing authority serving your area. How do I find a home once I have my voucher? So you have your voucher. Now comes the fun part. You go shopping for an apartment. You may use your voucher with any property that accepts Section 8. Many landlords accept Section 8 because it is a dependable revenue stream and Section 8 tenan
Related Questions
- Can a tenant choose a property with rent that is higher than the Fair Market Rent established by HUD (or rent reasonableness survey done by the local Housing Authority)?
- Can I choose an apartment with rent higher than the Fair Market Rent established by HUD?
- What is the relationship between Fair Market Rent areas and Income Limit areas?
