Landlords interested in the Housing Choice Voucher (HCV) program can provide affordable housing to eligible tenants and receive consistent rental payments. Here’s how to get involved:
- Contact Your Local Public Housing Authority (PHA): Reach out to your PHA to learn about the specific requirements and procedures in your area. They can also help you list your available rental units on local platforms. Find your PHA’s contact information at: https://www.hud.gov/program_offices/public_indian_housing/pha/contacts
- Choose a Tenant: The PHA will provide you with a list of eligible voucher holders. Select a tenant based on your own criteria and complete the Request for Tenancy Approval form. The PHA will ensure the proposed rent aligns with market rates for similar properties.
- Ensure Your Property Meets Housing Quality Standards: An inspector will assess your property to ensure it meets the 13 Housing Quality Standards (HQS) performance requirements, including safety, sanitation, and functionality. These standards must be maintained throughout the tenancy to continue receiving assistance.
- Sign Lease and HAP Contract, Receive Payments: After signing a lease with the tenant and submitting it to your PHA, you’ll receive a Housing Assistance Payments (HAP) contract from the PHA. Once executed, you’ll receive monthly HAPs directly from the PHA, with the tenant paying the remaining portion of the rent.
By participating in the HCV program, you can make a positive impact on your community while ensuring a reliable income stream for your rental property.
If you are a Section-8 property owner with HAP contract and looking to sell, we are always interested in exploring how we can work together for a seamless disposition/exit of your properties. Please contact us via below link:
About NorthLoop Investments Our Principals at North Loop Investments have owned and operated HAP properties in Midwest and Southeast. Our properties include disability and family projects. We are approved to own and operate HUD housing with prior 2530 clearance. Upon your request, we would be happy to provide any additional information about our company or go to our website at https://northloopinvestments.com/
