Episode 59: Understanding Section 8 and the Housing Choice Voucher Program

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The Housing Choice Voucher (HCV) program, often referred to as Section 8, is federal government assistance, administered by HUD, for very low-income families, the elderly, and the disabled. The purpose of the program is to provide participants with affordable, decent, safe, and sanitary housing in the private market. Participants are provided with financial assistance, in the form of a voucher, so they can find their own housing within single-family homes, condominiums, townhouses, or apartments in any geographical location and choose  any housing, provided it meets the requirements of the program. The goal then, of the Section 8 program is to deliver on the promise of housing choice and opportunity for participating  individuals.On this episode of Property Management Brainstorm, Bob  speaks with a panel of guests to  discuss Section 8, some of the challenges in working with Public Housing Authorities (PHAs)  and HUD, and why the program at times seems elusive. Joining the show on the panel is Tyler Craddock, the Governmental Affairs Director for NARPM; Patti Robertson, Owner and Principle Broker of Property Management Inc (PMI)  Virginia; and Amanda Han, Property Manager and Chief Operating Office of Cornerstone Properties in Aiea, Hawaii.  Topics Covered[2:15] Tyler, Patti, and Amanda introduce themselves and their companies.[3:15] Tyler explains the overall Housing Voucher Program policies and what reforms might be coming in 2021 and beyond.[7:00]  Patti and Amanda comment on why the goals of housing security and geographic choice have sometimes proved elusive.[11:05] Is the Section 8 program able to keep up with the escalating cost of housing and ever tightening housing market?[16:15] Why the market pressures on property management companies to fill properties quickly for their clients can sometimes make placing Section 8 tenants challenging. [20:55] The screening process for Section 8 participants.[23:00] Is HUD aware of these challenges and is there bipartisan support in Washington DC for reform?[24:05] Common misconceptions of Section 8 and the Housing Choice Voucher program.[30:00] Summary with Patti, Amanda, and Tyler sharing their closing thoughts on Section 8.Connect with Patti Robertson PMI VirginiaConnect with Amanda HanCornerstone Properties HawaiiConnect with Tyler CraddockNARPM Government AffairsConnect with Bob PrestonNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.