What if you could own a rental property and the government paid the rent every single month? The program is historically known as “Section 8.”
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HUD calls it the Housing Choice Voucher Program, but it’s what many of us know as Section 8. It’s designed to help low-income tenants have more of a choice in where they live by subsidizing their rent payments.
In this article you’ll learn more about Section 8 and why now is a great time to invest in project-based Section 8 housing and/or rent to tenants with Section 8 vouchers. You’ll also learn about six real estate markets where there are single family and multifamily Section 8 properties for sale with experienced management in place.
Headlines across the nation are echoing the same idea — that cities, counties, states, and even the nation, impose a temporary moratorium on evictions while this virus scenario plays out.
It’s not a done deal yet, but a proposed $6 billion dollar federal budget cut could have a big impact on housing for low-income families. While many Republicans feel the cuts are necessary in order to reduce entitlements, housing advocates say a lot of people that rely on public assistance could come up short on their rent.