Section 8 Landlords To Receive Federal Money From November Msn
The federal government shutdown has been over for weeks, but the ramifications are hitting Section 8 landlords hard. The government failed to deliver funds designated for Section 8 housing vouchers at the start of the month, Bisnow reported. The delay leaves more than 500 public housing authorities in the lurch and may create a shortfall between $700 million and $800 million for operators. Public housing agency association groups learned of the funding shortfall on Monday. Housing authorities in New York City, Georgia, Boston and Boca Raton are among those affected. “Following notice from HUD that payments to Section 8 landlords would be delayed this month, NYCHA is assessing interim options and will distribute funding as soon as it becomes available from HUD,” NYCHA said...
“HUD is working to make these awards to PHAs to ensure no disruption in program services,” a spokesperson for the Department of Housing and Urban Development said in a statement. The agency also took the federal government’s typical line of blaming Democrats for the historic 43-day shutdown. Make your contribution now and help Gothamist thrive in 2025. Donate today Gothamist is funded by sponsors and member donations The federal shutdown may be over, but it is still wreaking havoc on low-income New Yorkers.
The federal Department of Housing and Urban Development told the New York City Housing Authority and others on Tuesday that funding for the Section 8 rental assistance program will be delayed this month in... The Section 8 program provides federal dollars to landlords who lease units to low-income tenants in order to subsidize the rent. Typically, someone in the Section 8 program is required to pay about 30 percent of their income toward housing and the government picks up the rest. TurboTenant CEO Seamus Nally gives advice on what steps property management pros should take to prepare for a prolonged shutdown. Seamus Nally is the CEO of TurboTenant and a landlord of several properties in Upstate New York and Colorado. Opinions are the author’s own.
As the nation struggles through the ongoing federal government shutdown, Section 8 property owners must navigate a time of great uncertainty. The Housing Choice Voucher program, Section 8, is funded with federal money and is run locally by public housing authorities. The regular rent subsidies, paid by the program directly to landlords, begin by paying the difference between tenant contributions (typically about 30% of family income) and market rents. During a shutdown, previously committed federal funds will continue Section 8 payments for the short term, and funds should remain available through November for most properties. However, the longer the government remains unfunded, the greater the risk that payments will be interrupted when reserves run dry. HUD and local housing authorities have said that operations should remain steady for as long as those dollars remain, but they plan for potential interruption in case the standoff is prolonged.
Thousands of affordable housing operators won’t be getting paid by the government on time this month. Some funds earmarked for Section 8 vouchers haven’t been distributed by the federal government to hundreds of local housing authorities, and the Department of Housing and Urban Development has notified the agencies that the... More than 500 public housing authorities have a shortfall for December payments that total between $700M and $800M, an industry representative familiar with the details of the program told Bisnow. A HUD spokesperson said the missed payments were caused by complications associated with the government shutdown, which was the longest in U.S. history at 43 days and ended in the middle of November. “Democrats shut the government down for more than 40 days.
As HUD warned from the beginning, this careless decision resulted in real-world consequences for vulnerable Americans. HUD is working to make these awards to PHAs to ensure no disruption in program services,” the spokesperson said in a statement to Bisnow. Join our subscribers list to get the latest news, updates and special offers directly in your inbox Join our subscribers list to get the latest news, updates and special offers directly in your inbox It’s quite unequivocal, however, that the rulebook requires us to obtain a “clear, informed consent” from visitors in order to use cookies that track their data.. By continuing to browse the site you are agreeing to our use of cookies.
Come to the Dark Side, we have cookies! If you'd like to help with maintaining or developing the website, contact us. Publish your stories and upcoming events on Indybay. Boston landlords who rent to tenants through the federal Section 8 voucher program will only get 25% of their December payments from the Boston Housing Authority for the time being as the country continues... A Tuesday letter from Kathlin McGonagle, chief of leased housing and admissions at the BHA, said that housing authorities across the country have not yet received approval of “shortfall funding,” which the BHA relies... “As a result of these federal approval and processing delays at the U.S.
Department of Housing and Urban Development, due in part to the federal government shutdown, our ability to release payments to our Section 8/Housing Choice Voucher Program landlords on the regular schedule has been negatively... Section 8 is a federal program that helps with rental payments for low-income households, seniors and those with disabilities. The letter also said that the BHA anticipates that full payments may not be given out until around the middle of the month. In the meantime, they’re giving out a quarter of the monthly payment to those who receive direct deposits. That percentage reflects the portion of funds the BHA currently has. As the federal government shutdown drags on, property owners who rely on Section 8 Housing Choice Vouchers are caught in a whirlwind of anxiety and questions.
If you’re a landlord in this situation, you’re not alone, and the uncertainty is fundamental. Section 8 is a lifeline for both tenants and property owners, bridging the gap between what renters can afford (usually 30% of their income) and the going market rate. These payments come from federal coffers and are administered by local housing authorities. But when the government shuts down, that dependable flow of funds is threatened, though at first, reserves typically carry things through for a few weeks or maybe a month. If the freeze drags on, though, payments could be delayed. HUD and housing agencies try to keep everyone steady for as long as possible, but eventually the money runs out, and that’s when the real anxiety begins.
It’s natural to worry when you rely on these payments to cover your own bills. But important legal protections remain in place, no matter what happens in D.C. Landlords cannot evict Section 8 tenants or ask them to cover the government’s share if payments are late. The law still requires tenants to pay only their usual portion, and if there’s a delay, missed rent from the government is reimbursed after things return to normal. State and local fair housing laws also mean that voucher holders can’t be discriminated against, by action or omission, even in a crisis. What can you do while politics sorts itself out?
It helps to stay proactive:
People Also Search
- Section 8 landlords to receive federal money from November - MSN
- Federal government late on Section 8 payments - The Real Deal
- NYC officials say federal rental assistance payments will ... - Gothamist
- What smart Section 8 landlords should do during the government shutdown
- Section 8 Payment Delay Leaves Landlords With $700M Shortfall
- Section 8 landlords to receive federal money from November
- HUD's December Section 8/Housing Choice Voucher Program funds are ...
- Boston Housing Authority delays funds to Section 8 landlords after lag ...
- Are Section 8 landlords going to be paid during the ... - LinkedIn
- Section 8 landlords waiting for remaining November funds to get ... - MSN
The Federal Government Shutdown Has Been Over For Weeks, But
The federal government shutdown has been over for weeks, but the ramifications are hitting Section 8 landlords hard. The government failed to deliver funds designated for Section 8 housing vouchers at the start of the month, Bisnow reported. The delay leaves more than 500 public housing authorities in the lurch and may create a shortfall between $700 million and $800 million for operators. Public ...
“HUD Is Working To Make These Awards To PHAs To
“HUD is working to make these awards to PHAs to ensure no disruption in program services,” a spokesperson for the Department of Housing and Urban Development said in a statement. The agency also took the federal government’s typical line of blaming Democrats for the historic 43-day shutdown. Make your contribution now and help Gothamist thrive in 2025. Donate today Gothamist is funded by sponsors ...
The Federal Department Of Housing And Urban Development Told The
The federal Department of Housing and Urban Development told the New York City Housing Authority and others on Tuesday that funding for the Section 8 rental assistance program will be delayed this month in... The Section 8 program provides federal dollars to landlords who lease units to low-income tenants in order to subsidize the rent. Typically, someone in the Section 8 program is required to pa...
As The Nation Struggles Through The Ongoing Federal Government Shutdown,
As the nation struggles through the ongoing federal government shutdown, Section 8 property owners must navigate a time of great uncertainty. The Housing Choice Voucher program, Section 8, is funded with federal money and is run locally by public housing authorities. The regular rent subsidies, paid by the program directly to landlords, begin by paying the difference between tenant contributions (...
Thousands Of Affordable Housing Operators Won’t Be Getting Paid By
Thousands of affordable housing operators won’t be getting paid by the government on time this month. Some funds earmarked for Section 8 vouchers haven’t been distributed by the federal government to hundreds of local housing authorities, and the Department of Housing and Urban Development has notified the agencies that the... More than 500 public housing authorities have a shortfall for December ...