Category Archives: Section 8

Long Beach California: Landlords-Government-Tenants Working Together!

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Section 8 has been misunderstood and sometimes feared by investment property owners throughout the city of Los Angeles.  However, in many cities throughout Los Angeles, Section 8 is a very organized, fair and efficiently run government program which creates an equally beneficial symbiotic relationship between the property owner/landlord and the tenant receiving government assistance.  A high percentage of multifamily property owners in Long Beach California are benefitting greatly by implementing the government subsidized program on their small duplex, triplex, fourplex properties they own as well as large commercial apartment buildings.

The below information has been taken directly from the www.longbeach.gov website and is extremely informative for multifamily property owners who are looking to learn more about the government subsidized programs:

I’m a property owner, how do I find out more about the program?
The HACLB Housing Choice Voucher program assists over 6,000 families in the city of Long Beach. To meet the demand for housing we need good landlords and invite your participation.
Participants of the Housing Choice Voucher/Section 8 program typically pay between 30% – 40% of their adjusted income for rent while the housing authority via federal dollars from the Department of Housing and Urban Development (HUD) cover the difference between the approved contract rent and the tenant’s rent payment. This guarantees that landlords will receive a portion of the rent on time each month.By becoming our partner in the Housing Choice Voucher program you make it possible for low-income families to enjoy quality, affordable housing and in return owners enjoy:

  • Stable payments
  • Annual unit inspections
  • Fair market rental rates
  • On time monthly payments
  • Enforceable renter obligations defined in the lease addendum
  • Periodic owner newsletters

These rents reflect the small area fair market rents for Long Beach only.

FY 2013 Fair Market Rents:

 

0 Bed

1 Bed

2 Bed

3 Bed

4 Bed

5 Bed

6 Bed

7 Bed

90802

$730

$900

$1170

$1600

$1800

$2070

$2340

$2610

90803

$950

$1160

$1510

$2070

$2320

$2668

$3016

$3364

90804

$810

$1000

$1300

$1780

$2000

$2300

$2600

$2900

90805

$770

$940

$1230

$1690

$1890

$2174

$2457

$2741

90806

$750

$910

$1190

$1630

$1830

$2105

$2379

$2654

90807

$860

$1060

$1380

$1890

$2120

$2438

$2756

$3074

90808

$1020

$1250

$1630

$2230

$2500

$2875

$3250

$3625

90809

$870

$1070

$1390

$1910

$2130

$2450

$2769

$3089

90810

$750

$910

$1190

$1630

$1830

$2105

$2379

$2654

90813

$690

$840

$1100

$1510

$1690

$1944

$2197

$2451

90814

$850

$1040

$1350

$1850

$2070

$2381

$2691

$3002

90815

$1100

$1350

$1760

$2410

$2700

$3105

$3510

$3915

The Housing Authority of the City of Long Beach is participating in a demonstration project that will use Small Area Fair Market Rents (FMRs) as defined by zip codes. All Requests for Tenancy Agreements received after November 15, 2012 for contracts executed December 1, 2012 or later will apply the 2013 Small Area FMR.

The use of zip codes as the basis for FMRs is intended to provide tenants with greater ability to move into “Opportunity Neighborhoods” with jobs, public transportation and good schools.

Subsidy levels will generally not exceed the small area amount. Higher rents may be reasonable based on the amenities but the final approved rent will be capped at what is affordable based on the individual family’s income.

As a property owner you are entitled to screen potential tenants and set rules and regulations that are in conformance with California Tenant Law. Ownership information is not required until a Housing Choice Voucher/Section 8 voucher holder attempts to rent your unit. You may advertise the listing for free by submitting it online using Our Upgraded Rental Listing Service. Quarterly owner orientations are scheduled throughout the year, you may check the website for dates or contact Monique Lathrop at 562 570-5490 or by e-mail at monique.lathrop@longbeach.gov. We appreciate your consideration of the Section 8 program and look forward to partnering with you to provide affordable housing to Long Beach families.