Section 8 and Fair Market Rent
Ok guys, I have a question. I own a SFR that's currently rented to a nice lady who is on Sec 8 to help her out paying the rent. How does Sec 8 calculate the Fair Rent for the house?
Is it based on the neighborhood, the number of bedrooms, income?
Is there an amount that is used for an entire metro area or is it specific to something else?
If the amount that is being paid is under Fair Rent, can the rent be raised to that amount?
TIA