operating an in-house section 8 apartment complex

[Lawson Ott]

interested in running an apartment complex which runs it's own section 8 (usually at least half of the units, many times all units, of a complex are income based - the renters apply for the apartment and assistance at the same time in the same office in the same packet. they do not have to go to a government office and get a voucher to then shop for an apartment/house. when their lease is up, their assistance is up too. so if they move, they are back to paying market or finding a new section 8 place or going and getting a gov't voucher.)

i have seen many of these places in existence.

but all my googling has led to info for renters or info for SFRs looking to accept a voucher. neither of these are what i am after.

i've even contacted my local hud office, and they act like they have no idea this even exists.

hoping there is someone on here who has done this and can at the very least point/link me to the first step.

[Mitch Coluzzi]

@Lawson Ott - Interested in what you find out. In my experience the on folks with on site capabilities to award vouchers are either municipal owned or with a municipal holding majority of the property interest. They may have a 3rd party management company overseeing the actual operation. My understanding is that unless the state/county/city housing authority is the owner (or majority owner), it would be a conflict to award vouchers for exclusive use to your facility. That said... I have seen several tax credit projects that must allocate a percentage of units to the affordable sector for a set period of years. Generally, this is in exchange for front end financial assistance (development captial) or long term tax abatement, depending on the grant applied for. The property owner / management is bound by the requirement to rent units to Section 8 (for example) Voucher holders. However, management still has to market and attract the individuals holding the voucher to select their unit over other accepting facilities. Little known fact... if you go down that grant path you will likely be required to submit, for public review, your annuals. I personally am not a fan of providing the world wide public with my net numbers, even on a singular facility.