If you’re a Yonkers landlord looking for good tenants, guaranteed income and a way to keep your occupancy rates up, look no further than the Yonkers Landlord Housing Choice Voucher program (Section 8).
“Section 8 came into our lives when we most needed it.”
— Section 8 Resident Janay Perez
“In these uncertain financial times having guaranteed rent means a lot to me as a landlord.”
— Michael Nukho, Gem Management
“Tenants in the Yonkers Landlord Housing Voucher Program (Section 8) are reliable and pay their rent on time. Our family has lived in the same apartment for more than 20 years.”
— Section 8 Resident Yahaira Perez
The Yonkers Landlord Housing Choice Voucher program, also known as the Section 8 program, is the federal government’s major program for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. Eligibility for this program is based on a family’s gross annual income and family size.
Here’s how the program works for landlords:
- If you rent to tenants who qualify for Section 8, the federal government (Department of Housing and Urban Development) through the Municipal Housing Authority for the City of Yonkers, will guarantee a portion of the tenants’ rent every month (based on income) which will be sent directly to you. Generally, families will pay no more than 30% of their adjusted gross income toward their rent share.
- Section 8 can help to fill vacant units in your buildings by referring tenants as they enroll.