Many people reading this already know the benefits of Section 8 Tenants but do you know that you can get similar benefits from section 811?
Comparing Section 8 with 811 branch
Section 8 helps low income families afford rental payments in safe and decent housing. Landlords will benefit from guaranteed rent payments, at least the portion of the rent provided by the program.
Section 811 helps low income disabled typical mental or developmental citizens can afford rental payments in safe and decent housing with supportive services, but this could be a single family or multi-family unit dwellings.
Section 811 Overview
The Section 811 program provides support to housing, which supports the approved use for disabled tenants. Money from the combined programs are designed to cover the costs of running the program and to pay the disabled part of his or her family's rent.
At least one (1) member of the family must be 18 years or older with physical disabilities, developmental disability or chronic mental illness. The family must have an economic need because of having a low income, approximately 50% of area median income (AMI) or less.
The supportive housing service aims to enable disabled tenants with safe, affordable housing. Customers can receive supportive services: case management, training in independent living skills and assistance in procuring employment. Tenants are not required to attend these services.
How can § 8 rent benefit?
The most unofficially advertised benefit of having a Section 8 Tenant living in your property is that the government share of the rent payment is guaranteed and allows collection without difficulty, when everything is approved.
But the section 811 program offers additional benefits.
An owner of a nonprofit organization with a tax-exempt 501 (c) (3) status can receive loan financing interest free for the acquisition, rehabilitation or construction of eligible supportive housing for disabled tenants.
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