Pappas Realty Co... "Commercial Real Estate...Exclusively" in Northeast Ohio since 1957

Friday, April 28, 2006

INTRODUCTION TO THE HOUSING VOUCHER PROGRAM

This analysis provides an introduction to the “Section 8” Housing Choice Voucher Program, covering the following key questions:

What is the housing voucher program? Created in the 1970s, the Section 8 housing voucher program has grown into the dominant form of federal housing assistance. Low-income families use vouchers to help pay for housing that they find in the private market. The program is federally funded, but vouchers are distributed by a network of 2,600 state, regional, and local housing agencies.

3 Comments:

  • How about a discussion of "upper market pricing" pros & cons?

    By Anonymous R. Fogle, At 9:41 AM  

  • Ron,

    See the article below for Multi-Family outlook in 2006.

    https://www.hpapts.com/PDF/MIDWEST%20forecast%202006.pdf

    Sean

    By Blogger S. Dreznin, At 5:09 PM  

  • Ron,

    In my own words, I see a greater disparity today between Low-Income Multi-Family and Upper Market Multi-Family. Whereas recent as 1.5 to 2 years ago the prices seemed evenly spread out across the board from top to bottom, the top has gotten away from most investors while the bottom has sank lower and lower.

    I have also been told that the level of tenants in the market today has basically dropped a level. This has mostly effected middle to low income housing, hereby thinning the lower markets to quality tenants. As Summit & Stark county continue to lead Ohio in Foreclosures, the tenants will come back to the rental market, but i see a faucet dripping versus a river flowing return.

    Sean

    By Blogger S. Dreznin, At 5:15 PM  

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