HUD’s Section 8 Public Housing Program offers a true win-win solution to America’s housing needs. Capping rent charged to the highest of the following:
– 30% of monthly adjusted income (annual income less deductions and allowances per dependent that – can be as high as $480
– 10% of monthly income
– welfare rent, if applicable
– No more than $50 minimum rent
Section 8 housing provides low income families the opportunity to live in quality housing while providing a strong incentive for property owners to own and maintain them.
HUD’s Public Housing Program/U.S. Department of Housing and Urban Development (HUD)
The Great Recession brought about a major downturn in the housing market. In this new economic reality, many investors backed off for a few years. Now, they’re slowly starting to come back as the market improves and their wide-eyed dreams of ditching the rat race for wealth and independence expand by the day. If you’re one of the many who have taken the plunge into the housing market or are considering doing so, keep in mind that it can be challenging. In particular, there are four key issues you’ll want to master in order to hone your property investing skills…read more
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