What is Section 8?
U.S. Department of Housing and URban Development
In 1974, HUD created a program authorized by Congress known as Section 8.
What does Section 8 do?
The Section 8 Program provides housing subsidies for lower-income families who can't afford to pay the rising cost of rent on their own.
How many vouchers are there?
The Housing Choice Voucher program is the largest low-income rental assistance program serving approximately 2.3 million households in 2022.
Who runs the program?
Approximately 3300 PHAs (Public Housing Agencies) across the country administer operating funds provided by the U.S. Congress.
Demographics
65% of voucher holders are Black or Hispanic (versus 40% of the U.S. population per Fannie Mae - 2022) and 25% of all voucher holders include a family member with disabilities. (theMReport.com)
Racial Disparity
19% of Black households; 16% of American Indian or Alaskan Native households; and 13% of Latino households are extremely low-income renters, compared to 6% of white households. (National Low Income Housing Coalition)
Why Section 8?
landlord
win-win!!!
landlord
As a Section 8 Investor/Landlord, you are guaranteed up to 100% of your rents by the PHA (Public Housing Agencies).
Tenant
win-win!!!
landlord
Section 8 Tenants are able to live in a better property and location without increasing the "portion" of the rent they must pay each month, which is fixed by the PHA based on their income.
win-win!!!
win-win!!!
win-win!!!
Section 8 Investor/Landlords build wealth while helping to serve the greater good by increasing the inventory of low-cost housing available for low-income renters.
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Section 8 - Secrets to Success
A Sneak Peek into the World of Profitable Investing