CCP 09-11-2000 - Laserfiche WebLink

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contracts to their original terms, Nothing has been done concerning this . matter; and to make matters even more interesting, both MHF A and HUD have misplaced HUD's response to MHF A's letter. Bailey stands to increase his profits by dumping the project based Sec. 8 and converting to market rate-or by taking the enhanced vouchers, he will increase the rent levels on the 15 Sec. 8 units. With project based Section 8 the rents are capped at a certain level of payment from HUD. For example: Current Sec. 8 rent schedule: Newmarket-rate rents, post Sept 28th, 2001: 1 br $608 1 br (HCP) $647 2 br $751 2 br (HCP) $784 1 br $728 2 br (middle unit) $853 2 br (end unit) $894 General Information . As soon as the Sec, 8 contract expires and tenants are issued preservation vouchers for the following year, those vouchers become portable, "housing choice" vouchers, which can be used through out .. the metro area, the state, or even the country. .. . Tenants will be notified by the Metro BRA 3-4 months before the Section 8 expiration on Sept. 28 2001, to be informed about the enhanced vouchers-"preservation vouchers." . Vouchers are not as good as they seem. The Metro Section 8 survey, done by Home Line's tenant services for the last five years, shows that only 10% oflandlords in the market accept renters with Section 8. . Landlords also have income requirements, meaning renters must have a certain amount of monthly income to be able to rent a unit, even with section 8 assistance. . The average rent for a 2 bedroom apartment in the metro area is between $700 and $900. Generally the amount covered by a "Housing Choice" voucher is significantly less, the rest comes out of your pocket. What are you going to do to help Hunter's Park residents with this problem?