New Section 8 Housing Policy Change in Dallas

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I was listening to NPR this morning, and they were talking about some changes to the section 8 housing policy in Dallas to include an extra ~$200 average in the section 8 voucher for the landlord. Does anyone know more about this or can share some additional reading on it? It sounded like something to learn more about.

@Dylan Barnard I don't doubt this. There is a shortage of Section 8 houses in my area (Upstate SC) People are on waiting lists for as long as 2 years. Section 8 pays 110% of market rents in my area.

I WISH S8 was like that where I lived.  I'm jealous, lol.  There is a huge waiting list in my area.  But that is from a shortage of S8 funds, not a shortage of housing.  In fact, last I heard, the waiting list in my area wasn't even open for people to add their name, unless they were disabled.

There are a lot of posts about the pros and cons for S8.  Tenants tend to do more damage to units, but stay longer term.  You have to have a move-in inspection and annual inspection for the units.  At least where I live, the inspections are very detailed and nit-picky.  The portion S8 pays typically comes like clockwork, directly deposited in your account.

I have two S8 tenants. FWIW, one of them is a real PITA to deal with and I'm not renewing her lease. The other one is mostly great. They both take decent care of the units.

There are some LL's who won't rent to S8 at all.  But I'd look into it, if I invested in the Dallas area.

I've heard mixed things about section 8. I'm not necessarily looking to rent section 8 right now (since I am new to REI and would rather rent to non-S8 tenants for at least the first one or two properties), but I think it is worthwhile to pay attention to, just to know the market better.

I just spoke with my parents this morning and found out that they have placed a section 8 tenant with their current property. I will ask if the changes have helped. If you are curious, it is in the I-20 & Mountain Creek area.

One of the recent changes is setting the subsidy more locally.  We used to have rents based on the Philadelphia metro area.  They are now by zip code.  That's good news for properties in higher priced zips as the subsidies become higher there.  It is not so good for lower priced zips as their subsidies drop.  I think the change is phasing in over a couple of years.

I don't know if this is a favorable change.  For those who believe S8 causes declining property values, this change makes A/B areas more accessible to S8.  A/B neighbors might not like S8 moving in.  It comes at the expense of C/D areas since it is a $0-sum change - larger subsidies for A/B leaves less for C/D.  The end result could be all areas' prices drop as perceived "quality" of A/B drops due to neighbor concerns while C/D drops because landlords can't charge as much rent.  Just speculation...it may work out fine.