The Housing Choice Voucher Program offers a variety of benefits to tenants and landlords. For tenants, the program allows them to choose their own unit from within the pool of Section 8 properties in their area. This gives them more flexibility in terms of location and amenities. Additionally, the program pays 70% of a tenant’s rent, leaving them responsible for the remaining 30%.
For landlords, the program offers steady monthly rent payments from HUD, and because they will, in essence, have a waiting list of tenants lining up to rent from them. Additionally, landlords may be eligible for tax credits and other incentives for participating in the program.
For more information, please visit Project Based Voucher.