The Housing Benefits of Section 8
The Section 8 Rental Certificate Program is available on a national basis. In general, Section 8 housing is available to low-income families who are unable to afford rent costs in their neighborhood. In order to qualify, petitioners must be approved by their local public housing authority (PHA). If approved, applicants will only be required to pay 70 percent of their rent costs to their landlords. Thus, the PHA will pay the remaining 30 percent.
The United States Department of Housing and Urban Development (HUD) oversees Section 8 eligibility requirements and funding. However, HUD and PHAs are two separate entities. These government agencies must work together in order to best serve residents who would benefit most from housing subsidizations.
What are the requirements for Section 8 housing?
Section 8 eligibility requirements throughout the country examine the overall household income of each applicant. Moreover, PHAs evaluate applications locally. Thus, the specific income levels that applicants must meet vary from one state to another. A candidate’s income eligibility is determined in proportion with their household sizes. In order to receive Section 8 housing, applicants must report the following information:
Family size – Candidates are required to disclose how many individuals make up their household unit. This is important information because families’ sizes will be compared against their annual household incomes to determine whether or not they qualify for Section 8.
Annual income – For similar reasons as to why petitioners must report their household sizes, they must also report their annual incomes. These subsidized housing benefits are need-based, which means that only applicants who meet specific financial requirements are eligible to enroll. As a result, it is imperative for claimants to accurately report their annual incomes.
Household assets – When applying for this program, claimants must report their familial assets. This information is used to establish how much static value their household incurs at the time when they apply for Section 8.
Each state maintains its own Section 8 eligibility requirements. In general, however, petitioning households must not possess annual incomes that are greater than half of the annual income for their target cities.