This article comes from Housingwire.com and it talks about the Section 8 voucher cuts. The plan is the cut 40% of the federal funds
"Many people receive housing subsidies for well over a decade. "If the median or fair market rent is around, say, $4,000 for a family in San Francisco, your income can get really high and you're still going to be getting those subsidies," he said.
Corinth also said when there's such a severe housing shortage like now, federal subsidies can goose the market and push up prices for everyone. He'd prefer to help people through other benefits, like tax credits.
Another way he thinks rental aid is not fair: There's not nearly enough to help most people who are eligible for it. "So I think it's very reasonable to say we should lower amounts, or have some kind of time limits," he said, "to kind of share around the resources to others." Corinth suggested a five year time limit.
Housing Secretary Turner has said the agency's ultimate goal is to "get people off subsidies and live a life of self-sustainability." On a recent trip to Arkansas, where the prospect of federal budget cuts came up, he said HUD's job is to "maximize the budget that we do have.""
If you're an investor it will affect you in lower rents . The location of a property will be the paramount of rents. We have almost 100% of our homes leased to cash tenants.
Need good real estate that gets Exceptional results without Section 8?
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