We continually seek new landlords to work with the department in providing rental assistance to eligible persons. The unit must meet HUD Housing Quality Standards and the rent must be approvable within HUD Fair Market Rents and market rate comparable.
Rental voucher holders select a unit from the private rental market. Rental assistance makes market rate housing affordable. Program participants normally pay no more than 30% of monthly adjusted income towards rents and utilities. The housing assistance payment subsidizes the balance of the rent to the property owner.
The benefits to landlords are:
- Rental of vacant units
- The landlord selects the residents and retains management
- HUD contracts directly with the landlord for a specified time
- Assurance of receiving the housing assistance payment covering a portion of the rent on a regular basis