What happens to current residents who choose to participate in the Section 8 program when their income increases?
Section 8 residents are required to pay 30% of their income in rent up to the Fair Market Rent (FMR) amount. Once a resident’s income is sufficient to pay the entire rent, they will no longer be eligible to receive a Section 8 subsidy but they may remain in their apartment regardless of income. Back to the Top • What happens if income goes up to a level that a family is no longer eligible to receive a Section 8 subsidy? Any resident whose income goes up to the extent they can afford to pay the Fair Market Rent will be allowed to remain in the unit as long as they continue to comply with all requirements (e.g. annual inspections, providing information on income and family composition) of their lease. Back to the Top • What happens in cases where income decreases to a level within the Section 8 program limits? In those cases, residents may be restored to the Section 8 program and pay only 30% of income towards rent. Back to the Top • Are there other ways residents could lose their Sectio
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- What happens to current residents who choose to participate in the Section 8 program when their income increases?
- What happens in cases where income decreases to a level within the Section 8 program limits?
