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Investing Section 8
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Jul 10 •
Payment standard question
Hey! I have a property in a zip code that has a listed payment standard of $3,030. The housing authority ran their software to assess rent and proposed $2,514. That's 17% below the standard! I know the standard is not guaranteed, but I was shooting for 10% below WORST case. I submitted comps, but no success. Any one else have similar experience? Seems like my HA is started to crack down on rent prices.
0 likes • 9h
From my experience, each voucher holder is given a different max rent amount that they are allowed to have and I found that to be 70%-80% of the maximum rate allowed by HUD-standard.
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