Reasons to Consider Applying for Section 8 Housing
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The federal housing program known as Section 8 housing was first created in 1974 to combat the vast number of Americans that were left without sanitary or safe housing because they could not afford it. Funded by the Housing and Urban Development (HUD) office, this program has provided homes for hundreds of thousands of people formerly in need of shelter. Housing Authorities that have approved a person’s application will issue a housing voucher, which will pay for a good part of the rent per month on a suitable living space that accepts Section 8 vouchers. There are many benefits to the Section 8 program that make it worth the application process. A few of the many reasons are listed in the topics below.
Guaranteed Monthly Rent Payments
One of the biggest reasons as to why a tenant should consider applying for Section 8 housing is in order to afford rent. When a tenant is approved for Section 8 housing, that means the government is able to pay at least 70 percent of the monthly rent price. For a tenant that can accept a unit’s price range and with a unit that has been inspected, they is little left to do but sign the paperwork. Not only are monthly vouchers supplied able to meet many monthly rent prices, but allotted payments are always on time. The government will get checks out and to the appropriate parties by the specified date, which is more than some non-Section 8 tenants do.
All apartment landlords that are accepting Section 8 housing vouchers will be able to advertise to a greater range of people. The landlords can advertise their apartments on regular housing websites but also to online Section 8 housing boards, which only Section 8-approved places can access. A landlord may register by phone or online, and once the registration process is over, he or she may advertise as many rentals as available to these websites. This is beneficial, because it allows a more direct advertisement to the targeted audience. A landlord that accepts Section 8 housing will be able to advertise in person, as well. All of the traditional marketing avenues, like community bulletin boards and stores, are open to landlords. However, Section 8 landlords will be able to add their physical listings to their local Public Housing Authority establishment. This will attract the target audience and provide a wider reach. If a landlord has trouble making it out to the physical location, oftentimes, he or she may email or fax a copy of the listing to the local Section 8 Public Housing Authority to have it put on the master list that is available to all Section 8 hopefuls for free.
One of the other big advantages to applying for Section 8 housing as a landlord is that all tenants approved for Section 8 housing were previously screened. With the regular rental housing process, landlords will conduct background checks on all prospective tenants, which often takes quite a while and some resources. With Section 8 housing, one of the many requirements a beneficiary must meet is that he or she has a clean record, as far as serious crimes go. While people with some misdemeanors and petty crimes are still eligible to apply for Section 8, a vast majority of beneficiaries are the ones who have no criminal records at all. It is the right of the landlord to request specific information about where a tenant resided before looking to live at an apartment complex, the type of screenings underwent and all contact information for any previous landlords of the tenant in question. Since Section 8 Housing Authorities already conduct the basic screening process of the tenant, it makes the process easier on the landlords, and they can fill those vacancies a lot sooner.
The main goal of a landlord is to fill vacancies within a complex. By allowing Section 8 tenants to reside in an apartment complex, the landlord has almost guaranteed that there will be plenty of people willing to rent out a unit. There are so many people out there with Section 8 vouchers that are looking for nice units to rent out. Even if a tenant stayed short-term, there will always be another tenant to replace that one, sooner or later.