Section 8 Voucher Amount

Nycha s payment standard schedule is based on the fair market rent fmr for each unit size established by hud.

Section 8 voucher amount. This is a tenant based rental assistance program that assists extremely low and low income individuals and families rent safe decent and affordable dwelling units in. The family s voucher will show the number of bedrooms authorized by the housing authority based on the number of persons in the family. Here are the four main criteria section 8 will consider.

The amount of the section 8 voucher may be more or less than the amount the landlord could receive for the rental on the open market. Voucher payment standards vps and utility allowance schedules are the maximum amount of subsidy nycha will pay to the owner on behalf of a voucher holder. The amount of money is different for each family and depends upon the family size income and bedroom size.

Families receiving section 8 housing choice voucher assistance benefit from a certain amount of money each month to help pay their rent and utilities. Income limits are created for families containing anywhere from one individual to eight individuals. The section 8 voucher payment standard is the most the housing authority can pay to help a family with rent.

The maximum amount they will pay will vary based on standards such as the town you live in and your income level. Extremely low income for a family of one may be 15 000 a year but for a family of eight 30 000 a year may be an extremely low income level. The housing voucher family must pay 30 of its monthly adjusted gross income for rent and utilities and if the unit rent is greater than the payment standard the family is required to pay the additional amount.

The housing choice voucher program also known as section 8 is part of georgia s comprehensive housing program administered by the georgia department of community affairs dca.