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Landlords Pulling Out Of HUD Contracts

Posted by: Laura Kraft
Thanks to: Laura Krafft
28 August 2000 - 6:30am

According to the Southern California Association of Governments, 2,200 units of affordable housing are needed in Ventura County, but new apartment starts remain stagnant.

Section 8, the voucher system set up by the U.S. Housing and Urban Development Department to aid low-income families, has been a tough sell for landlords who don't want to be stuck renting at fair market rates, or FMR, when they can easily charge real market rates --often eclipsing the FMRby as much as 20 percent. Both the housing authority and HUD acknowledge things are in crisis mode in Southern California, but even nationally the numbers are stark.

Full Story: Landlords pulling out of HUD contracts
Source: Ventura County Star, August 27, 2000
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