Get your rent every single month Guaranteed

Subsidized housing is a housing program that accommodates people that are having trouble finding affordable homes. This is done through government assistance.

People that opt for subsidized housing for themselves are usually those that work on a low wage income or those that are either disabled or homeless. In most cases, such tenants are often given vouchers or governmental benefits that are essential in helping them pay their rent. These vouchers may be sent directly to the landlord.

Subsidized housing is designed to provide housing for families that live on a low income. If a family has to spend more than 30% of its income on the rent as well as utilities, it means that their expenditures have become unaffordable. Needless to say, subsidized housing is a God send for such families. Disabled or elderly applicants are usually prioritized for subsidized housing depending on which state they live in.

Generally, qualifying for this program is the same everywhere. For example, a household’s total income must be below the respective localities median income level in order for it to qualify.

This is because these types of tenants are liable to receive social security, disability income and pensions. A steady stream of income (no matter how meager it is) means
that they can pay their rent on time.

Housing authorities generally have a long waiting list of candidates on the lookout for cheaper housing options. Candidates might have to wait several months or even years for an opening. However, they also have a choice of searching for subsidized housing on their own by looking for landlords that will accept Section 8 tenants.

Even though a landlord is not required lease their property to a Section 8 tenant by law, he/she can still do so in order to get a guaranteed potential monthly income. However, this also means that the landlord cannot increase the rent to more than 30% of the household’s actual income. Applicants have to notify the local housing authority once the landlord accepts them.

The housing authority then goes on to inspect the premises and verifies whether it meets the program’s requirements. This includes safety, structural appearance, sanitary conditions as well as other criterions.

I”ll See you at the closing table,

Marcel Umphery the “R.E.I. Successmaker”