Wednesday, August 6, 2008
Open Thread
What's on your mind? How's the market in your neighborhood? Have you looked into DHA's new Direct Deposit program for HCV landlords? No more watching the mailbox!
Housing Choice Voucher Program Overview
Program Goals
In Durham, as in many communities, there is a shortage of decent and affordable housing. The Housing Choice Voucher program helps families to rent in many different neighborhoods, helping to avoid the contentration of families and neighborhoods impacted by poverty. Participating families include elderly and disabled persons as well as working families whose earnings are not enough to meet the demands of rising costs in today’s housing markets.
Benefits to Owners
Along with the benefit on contracted monthly income, owners and property managers often cite the value of inspection standards and maintenance requirements in describing their preference for Voucher recipients as tenants. For property owners who are new to the real estate management, the selection criteria for screening voucher recipients can serve as a valuable model in screening market rate applicants as well.
Benefits to Families
Matching families with neighborhoods and the type of rental unit they need is the key to the voucher program’s success. With the voucher following the family, the purchasing power is in the hands of the customer, making a better fit more likely and mutual satisfaction an expected outcome. This flexibility supports those families that need to be near to new work or educational opportunities, live closer to family members whose support may be critical.
In Durham, as in many communities, there is a shortage of decent and affordable housing. The Housing Choice Voucher program helps families to rent in many different neighborhoods, helping to avoid the contentration of families and neighborhoods impacted by poverty. Participating families include elderly and disabled persons as well as working families whose earnings are not enough to meet the demands of rising costs in today’s housing markets.
Benefits to Owners
Along with the benefit on contracted monthly income, owners and property managers often cite the value of inspection standards and maintenance requirements in describing their preference for Voucher recipients as tenants. For property owners who are new to the real estate management, the selection criteria for screening voucher recipients can serve as a valuable model in screening market rate applicants as well.
Benefits to Families
Matching families with neighborhoods and the type of rental unit they need is the key to the voucher program’s success. With the voucher following the family, the purchasing power is in the hands of the customer, making a better fit more likely and mutual satisfaction an expected outcome. This flexibility supports those families that need to be near to new work or educational opportunities, live closer to family members whose support may be critical.
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