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Section 8 Property

Subsidized Property

Sec 8 Property

Sec 8 Property

Seattle at Night

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Exemptions to the Section 8 Minimum Rent

Tenants in properties subsidized through the Section 8 program must pay a minimum rent (TTP) of $25. However, bare in mind that the Minimum rent rule does not apply to Section 202 PAC, Section 202 PRAC, Section 811 PRAC, RAP, Rent Supplement, Section 221(d)(3) BMIR or Section 236 programs.

The minimum rent is used when […]

March 4th, 2016 | Tags: , , , , | Category: BMIR, HUD, Minimum Rent, Repayment Agreements, Section 8 | Leave a comment

What to do when a HUD Subsidized Tenant Claims “Zero Income”

My first question is​ “​Did you go through the Zero Income Questionnaire with your Tenant? ​”​The tenant may think that “income” means employment only income. As we know​, ​and as defined in Chapter 5 of the HUD Handbook 4350.3 Change 4 & Exhibit 5-1, income includes several sources ​ including​ Federal Wage, Non-Federal Wage, SS […]

May 28th, 2015 | Tags: , , , , | Category: EIV, Enterprise Income Verification, HUD, HUD 50059, HUD Handbook, Minimum Rent, MOR, Section 8, Zero Income | Leave a comment