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The Section
8 Housing Choice Voucher Program provides rental assistance to
help eligible families live in safe and decent housing of their
choice. With funding provided by the Department of Housing and
Urban Development (HUD) and administered by local public housing
authorities, this program utilizes privately owned existing housing
stock.
Families,
elderly, disabled and single people whose income falls within
the income guidelines qualify for this program. The applicant
receives a Housing Choice Voucher once they have met all eligibility
requirements. The program participant can select an appropriate
rental unit (house or apartment) and live where they choose. The
unit that is selected must:
- meet housing
quality standards,
- must have
an appropriate number of bedrooms,
- the rent
must be reasonable with regard to current market rents,
- must also
be affordable to the participant.
The participant
pays part of the rent and the Housing Authority pays part of the
rent. The participant pays between 30 and 40 percent of their
monthly income for rent. Depending on the income of the family,
the Housing Authority may pay all or a very small portion the
rent. The two examples listed below are for the same family size
with only income differences. There are adjustment factors to
the income that will not be discussed in these examples.
Example
One:
Mother and
two minor children. Mothers income is $6.25/hour, 20 hours
per week (adjusted annual income $5,540)
The rent on a two-bedroom apartment is $825 per month with the
tenant paying gas and electricity.
The tenant
would pay $132.00 per month to the landlord
The Housing Authority would pay $693.00 per month to the landlord.
Example
Two:
Mother and
two minor children. Mothers income is $10.00/hour, 40 hours
per week (adjusted annual income is $19,840)
The rent on a two-bedroom apartment is $825 per month with the
tenant paying gas and electricity.
The tenant
would pay $489.00 per month to the landlord
The Housing Authority would pay $336.00 per month to the landlord.
The amount
of rent is limited because the participant may not pay over 40
percent of their adjusted income toward rent and utilities. If
the tenants share exceeds 40 percent on a specific unit,
the Housing Authority would not approve the lease. The same two
examples of different income levels for the same family composition
will be used.
Example
One:
Mother and
two minor children. Mothers income is $6.25/hour, 20 hours
per week (adjusted annual income is $5,540)
The maximum
rent that could be allowed would be $855.00.
Example
Two:
Mother and
two minor children. Mothers income is $10.00/hr, 40 hours
per week (adjusted annual income is $19,840)
The maximum
rent that could be allowed would be $974.00.
The rent
maximums would only be allowed if a market analysis indicated
the rents were reasonable and the unit passed the Housing Authority
inspection.
Fair Market
Rent (FMR)
The Fair
Market Rent (FMR) amounts for Section 8 Rental Assistance for
Housing Choice Vouchers as established by the U.S. Department
of Housing and Urban Development (HUD) are as follows for the
Denver Metro Area:
| Efficiency |
1
Bedroom |
2
Bedrooms |
3
Bedrooms |
4
Bedrooms |
5
Bedrooms |
| $565 |
$666 |
$844 |
$1,198 |
$1,398 |
$1,608 |
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