What is the Section 8 – HCV Program?
- The Section 8 program allows private landlords to rent apartments and homes at fair market rates to qualified low income tenants, with a rental subsidy administered by HHA.
- “Section 8” is a common name for the Housing Choice Voucher Program, funded by the U.S. Department of Housing and Urban Development (HUD).
- Qualified Low-income residents apply through HHA for a rent assistance voucher.
- Qualified tenants can choose rental property in Madison County that accepts Section 8 rent assistance vouchers, meets HHA’s housing quality standards, and has a reasonable rent on par with comparable units in the area.
- Prospective Tenants negotiate a lease directly with the landlord. The housing choice voucher family must pay 30% of its monthly adjusted gross income for rent and utilities, and if the unit rent is greater than the payment standard the family is required to pay the additional amount. By law, whenever a family moved to a new unit where the rent exceeds the payment standard, the family may not pay more than 40 percent of its adjusted monthly income for rent.
- The rent subsidy is calculated to determine the maximum amount of housing assistance allowable. The maximum housing assistance is generally the lesser of the payment standard minus 30 % of the family’s monthly adjusted income or the gross rent for the unit minus 30% of monthly adjusted income.
- Landlords can still use their own lease agreement just as they would any other applicant.
HCV rental responsibilities:
Each party involved in a HCV rental has responsibilities towards the other partners of the agreement.