Section 8 Philadelphia?

Question

Hi have newly renovated house in Grays Ferry area of Philadelphia. 2 bedroom which looks to be in the green zone.

According to this it’s the green zone @ $1341 / month.

http://www.pha.phila.gov/media/178250/hcv_voucher_briefing_guidebook_2020_3_sheet.pdf

I general let’s say the rent is $1341 / month how much will be received from the program and how much from the tenant?

This is a start on asking thanks!

Louise Cornell · Answer

@Marc Possoff Generally, how much the tenant pays vs. how much you get from the program is income-related but it can be pretty case-by-case. The investors that I work with have a fairly easy time getting set up with Section-8 but you might not know how much you'd get from who until you get placed with a tenant.

Happy to answer any other questions.

Kevin M. · Answer

@Marc Possoff the ratio of tenant payment:PHA payment depends on the tenant's income and whatever they are approved for with their voucher. So it will vary by the tenant. I have some tenants paying almost 90% of the rent on their own and some tenants paying <$20/month.

I've had a very difficult time with PHA properties recently. Inspections are difficult and their administrative response is glacial. I'm curious if any other owners or managers have noticed a decline in the program specifically over the last year or so...

Rich O'Neill · Answer

@Marc Possoff, @Kevin M. will have more clarity on this but I believe the $1341 is a starting point that can be adjusted based on the inspection. If it was a gut rehab I doubt they will deduct anything, but it is possible.

Marc Possoff · Answer

Thanks! Ok so it depends on tenants in relation to the voucher.

Now when it’s say my property is $1341 / month is that pretty much the total rent I’ll get from PHA and the tenent?

What makes PHA inspections difficult recently? Our property was a complete full gut. Thanks again!

Section 8 Philadelphia?

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