What are the Advantages of Renting to a Voucher Holder?
Guaranteed Timely Payments CHA’s portion of your tenant’s rent (usually the majority of the total monthly rent) is deposited directly into your checking or savings account with a receipt for the payment sent by mail for your records. Competitive Rents Cambridge Payment Standards typically increase each year to keep CHA rents competitive with market rents. Vacancy Payments The CHA offers vacancy payments worth up to 80% of one month’s rent if you rent to another voucher holder after an existing Section 8 tenant moves out. The vacancy payment lets you collect revenue on a vacant apartment for one month while you prepare the unit for the next Section 8 tenant. The vacancy payment is one of the many incentives the CHA offers owners who regularly rent to families with vouchers. You cannot collect a vacancy payment if you don’t rent to another Section 8 tenant. C Short Vacancies & Lower Advertising Costs There is a long list of eligible families looking for affordable apartments in Cambridge
