What is Section 8 & how does it work?
Section 8, also known as the Section 8 Housing Choice Voucher Program, exists to provide housing solutions for low income families.
The program provides families with a certificate or voucher that allows them to lease an apartment or home they otherwise couldn’t afford.
Families pay some “reasonable rent,” which is a percentage of their income; the remaining rent is covered by (MDHA) the Metropolitan Development and Housing Authority. Total rents are determined by MDHA, and are capped by the Fair Market Rent (FMR), which is set by HUD (US Department of Housing and Urban Development). Rental property owners can list there available properties on a website that the Tennessee Housing Development Authority operates. Tenants can then submit their vouchers for approval and the home inspection process takes place. Once approved the landlord and the housing authority will sign an agreement and the tenant moves in. The MDHA rent checks are issued directly to the landlord. However, the tenants portion of the rent the landlord must collect in their normal procedure. To find out more about Section 8 rental housing contact TNREIA about their upcoming Section 8 workshops.