by For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office .
Written in English
|The Physical Object|
|Number of Pages||61|
The Section 8 certificate program issues certificates to income-qualified households. The PHA then pays the landlord the amount equal to the difference between the tenant portion of the rent (30 percent of adjusted income, 10 percent of gross income, or the portion of welfare assistance designated for housing) and the contract rent, which must not exceed the HUD-established fair market rent. Chapter Eight Option Six Opt-Outs HUD is committed to preserving affordable housing. Local Offices should make every effort to inform Owners of all available options, including Mark-Up-To-Market. However, if an Owner ultimately chooses to opt-out of the Section 8 contract, and has satisfied the. likely to opt out of their Section 8 contracts. The second component uses onsite examinations of a small number of properties that have opted out of the program and properties that have “opted in” in the same metropolitan areas to identify factors that lead certain property owners to opt out and other owners to remain in the HUD programs. Site. Opt-in/opt-out analysis. The updated study finds a high degree of stability in the HUD Section 8 portfolio over the study period. In 71 percent of cases, owners actively opted in to Section 8 assistance by renewing a contract, typically for either a five-year or year term.
The owner can choose to opt-out of the Section 8 program. This means the owner will no longer partici-pate in the Project-based Section 8 program. If the owner chooses to opt-out, however, you have the right to remain in your apartment and receive an enhanced Section 8 voucher. You do not have to move, and you will continue to receive Section 8. Feb 28, · How a New HUD Rule Changes Section 8 Housing Vouchers In order to be allowed to house a Section 8 voucher recipient, the property must also apply for eligibility, pass yearly inspections, be able to collect the expected security deposit (which is not covered in the voucher) and run the same background check required of all other tenants Author: Devon Thorsby. Legislatively we have seen a tendency to wait until there is a crisis before we fix housing programs. Well thought out, consistent policies, fairly administered would provide an environment in which owners would be willing to continue to do business with the Federal Government rather than . Danger of the Opt-Out: Strategies for Preserving Section 8 Project-Based Housing in Philadelphia 6 The report analyzes the risk of opt-out for 86 Section 8 project based properties and finds:! 44 ARE OWNED BY FOR-PROFIT COMPANIES, who have increased incentives to opt-out of Section 8 contracts if it is more profitable to do so.