The Section 8 Housing Choice Voucher program is a government subsidized housing assistance program for low-income families or individuals.
The problem is there are not enough housing for homeless veterans.
If you have extra Real Estate, then maybe you can setup a “private veteran’s home,” because they are having a tough time finding a decent and safe room that they can call home.
The veteran tenant will pay about 30% of their monthly income for rent.
Section 8 will pay for (subsidize) the rest.
As a landlord, you must have your property inspected by a division of the Housing Choice office in order to rent to Section 8 tenants, and accept their vouchers.
You will prepare your own lease, but the term must be no less than one year.
The Housing Choice Program is a federally funded program within HUD, and your local housing authority.
This program was designed to help low-income individuals or families with subsidized housing resources.
Go to the HUD website for more information about the necessary application process to become a Section 8 landlord.
As an advocate for veterans, I urge property owners nationwide to participate in government rental assistance programs.
In so doing, you help those who answered the call to serve for our freedom, yet lost their home in the aftermath.
Tonza Borden is a 20-year finance and digital marketing expert with a passion for coaching and training. Visit her website at RuralMoney.com for exclusive rural resources and strategies for your financial future. Google+