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Jerome Nunez
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NYC CityFHEPS Voucher Payment - Any Delays / Issues?

Jerome Nunez
Posted

BP, 

I've got a great candidate for a tenant and they are a CityFHEPS voucher holder. I have complete confidence in their ability to pay their share of rent but my concern is with the City's portion as I have heard first-hand accounts and bad cases where the City has delayed payments, delayed processing of renewal for voucher holder (and thus payments) and lack of communication.

Are there folks here who have had a good experience with CityFHEPS and the City's ability to pay on time? 

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Mohammed Rahman
  • Real Estate Broker
  • New York, NY
1,160
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Mohammed Rahman
  • Real Estate Broker
  • New York, NY
Replied

Hey I've represented commercial multifam landlords and we've never really run into issues with CityFHEPS payments. There are hiccups if the landlord hasn't completed their end of the paperwork or requirements through the online portal but nothing that was a crazy delay. 

In a lot of cases in the city, CityFHEPS and Section 8 are paying more than market value for rent :) 

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