What is Section 8?

Section 8 concerns part of the Housing Act of the United States. Initial parts of this Act were approved in 1937 in response to the lack of affordable housing for the poor, which was part of the consequences of great depression. Section 8 also refers to the type of government aid available for some, but not all, qualified people. It can also be used as an adjective to describe housing programs administered under the 1937 law and its subsequent revision. This is achieved by government subsidies provided to landlords who rent qualifying tenants. The subsidy takes the form of a voucher. In fact, some rental properties are only devoted to the provision of low income of the family with homes. Since 1983, the program has requested that qualifying applicants pay about 30% of their rental income. If government financing is available, and only if the landlord charges the rent on the market (FMR) and safely maintains the property, the landlord receives the difference between what the lessee 8 cantit.

Lessors are not obliged to participate in housing of section 8. In fact, some resist this because they want to charge more than FMR or fear that low -income tenants will not maintain their assets well. Others do not only like difficulty getting rent from two sources.

Furdy Federal Governments are supported by Section 8, and unfortunately there is often not enough funds that would meet the needs of low -income applicants. Public housing programs, especially in medium to large cities, had such large -scale documents that they were forced to close them and only re -opened them to new candidates. Some former applicants of Part 8 told the stories that they would finally reach the top of the waiting list after no longer require public assistance.