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Taniesha Mcc…, Other/Just Looking in New York, NY

Hello i would like to know if your developement excepts section 8 programs?

Asked by Taniesha Mccartha, New York, NY Mon Jan 26, 2009

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This question is about this property: http://www.trulia.com/property/42948688-110-W-94th-St-New-Yo…

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Section 8 is a rental voucher program of HUD. The Section 8 Rental Voucher Program increases affordable housing choices for very low-income households by allowing families to choose privately owned rental housing. The public housing authority (PHA) generally pays the landlord the difference between 30 percent of household income and the PHA-determined payment standard-about 80 to 100 percent of the fair market rent (FMR). The rent must be reasonable.
This property is a sales property. HUD developed programs for people with a more modest income to be able to purchase a home. HUD developed different programs. You might want to check out their website
http://www.hud.gov/buying/index.cfm#programs to find more information about this.
0 votes Thank Flag Link Mon Jan 26, 2009
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