How Much Is Section 8 Rent

Hud s section 8 housing choice vouchers let you choose from moderately priced rental properties in your community.

How much is section 8 rent. Hud s contribution to your housing costs never exceeds 30 percent of your household s income. The maximum amount they will pay will vary based on standards such as the town you live in and your income level. The family pays the difference between the actual rent charged by the landlord and the amount subsidized by the section 8 program.

Failure to do so can cost them the loss of their government funding. The unit must also pass housing quality standards inspection. Hud covers the remainder.

If a section 8 household earns 1 200 a month and chooses to rent a house at its area s fair market rent or below it pays in most cases approximately 360 a month in rent 30 percent of 1 200. The subsidy is determined by the family s income. However landlords need to be sure they are carefully following the rules and regulations before they implement any rate increases.

The amount of the section 8 voucher may be more or less than the amount the landlord could receive for the rental on the open market. Each year hud puts together a list of fair market rents for over 2 500 areas of the country. So if a landlord had an apartment or single family home worth that much with a section 8 tenant paying 654 per month the housing authority would issue a voucher to the landlord good for the rest.

The housing choice voucher program commonly known as section 8 because it is part of the larger section 8 program is a federal housing assistance program that subsidizes part of a tenant s rent payment in order to help low income renters access safe clean housing. Small area fair market rents safmrs frequently asked questions pdf small area fair market rents safmrs effective. The final risk of renting to section 8 tenants is that there is a maximum amount that section 8 will pay.

Section 8 will determine how much they will pay for each voucher based on a number of factors. The section 8 voucher amount depends on your household s gross income. The statewide program is available to residents of all new jersey counties.