INFORMATION FOR LANDLORDS
LANDLORD / OWNER BENEFITS
Aside from the retention of good tenants perhaps otherwise unable to afford the unit, the program provides an owner or landlord with many advantages:
1. Guaranteed rent, together with an opportunity to fill vacant units.
2. Flexibility - There are no requirements to continue a lease or HAP Contract after it expires if the owner/manager is dissatisfied with the program. There are no requirements to lease additional units under the program after leasing one. Any type of rental housing qualifies provided it meets applicable program standards. If you lease to a voucher holder, your next tenant might be a non-voucher holder. You can come into and out of the program with each new tenant.
3. Contribution to the community by addressing a portion of lower-income housing needs through the utilization of existing housing stock.