For investors with Section 8 / Housing Choice Voucher (HCV) properties in Indianapolis, there has been an important update that may impact rent projections, renewals, and acquisition strategy.Indianapolis Housing Agency has adjusted Section 8 payment standards.Payment standards are now ZIP-code based and, in many areas, lower than prior standards.Why this matters for owners and buyers:Maximum allowable rents can now vary significantly by ZIP code, even for similar unitsSome landlords may experience lower renewal amountsPreviously viable deals may not pencil out the same under new standardsUnderwriting based on older metro-wide payment assumptions may be inaccurateItems investors may want to review:Current payment standards for each ZIP code where you own or plan to buyUpcoming lease renewals and possible rent adjustmentsRehab budgets vs. post-inspection rent limitsWhich Marion County ZIP codes still support strong cash flow under updated standardsStrategic implications:ZIP-code-level analysis is now critical when evaluating Section 8 acquisitionsInvestors may need to shift focus toward locations with more favorable payment standardsLong-term hold strategies for 2026 and beyond should reflect these adjustmentsPosting this for awareness and discussion.

I'm hoping that they would honor the fact that the project would need a total gut to bring everything up to code......but I WOULD love for the kitchen and bathrooms to have a little eye candy if allowed.

I don't doubt that it meets code. 

Looking for someone with deep Philadelphia zoning experience (Investor, attorney, zoning consultant/expediter, architect, former L&I or Planning staff) who can help answer a few specific code questions on a Center City mixed-use asset we’re working on.We’re evaluating a mixed-use property in Center City that we expect to be an on market listing soon, and we’re trying to build a realistic, defensible menu of permitted and feasible uses based on zoning and overlay constraints (use, height/FAR, density, parking/loading, historic considerations, etc.).

Poor layout, bad location for tenant quality, constant code issues, utility setups that create disputes.

I have a similar situation in where I have a home with three separate leases how do you feel it's working for you also do you have a referral code I could use for RentRedi ?

Don't waste money on that  attorney who will be happy to write letters for $$$.Get great insurance, make certain the property is to code, vest in living trust it's far far cheaper than these "scams." 

Quote from @Abdoul Aziz Bikienga: Hey Remington Lyman I think the difference between these guys is the license and the knowledge about the some codes in construction What do you think about the difference between the handyman and contractor?

Named after Section 1031 of the Internal Revenue Code, a 1031 Exchange allows you to defer paying capital gains taxes when you sell an investment property as long as you reinvest the proceeds into another “like-kind” property.

IRS US Code Section 121What is Section 121?