The Sioux Falls Housing and Redevelopment Commission (SFHRC) administers two Section 8 Tenant-Based rental assistance programs; the Certificate and Housing Voucher programs. These programs are funded by the United States Department of Housing and Urban Development (HUD). The Certificate and Voucher programs provide rental assistance (subsidy) to eligible low-income households which enables these households to rent decent, safe and sanitary housing from private landlords by subsidizing a portion of the tenant's monthly rent. The tenant-based rental assistance programs offer expanded opportunities to very low-income families by providing a broader range of housing and neighborhoods from which to choose.
Owner Benefits and AdvantagesOver the years, many Owners and Property Managers have come to appreciate the advantages of having contracted monthly assistance payments, as well as minimum inspection standards. Keeping the property well-maintained helps ensure its resale value and also makes it easier to lease up again at turn-over.
The subsidy portion of the rent is mailed directly to the owner the first working day of the month, unless the monies from HUD are delayed.
The tenant may remain in their present unit and receive assistance, if the unit meets the program's requirements.
The Owner maintains normal management rights and responsibilities including rent collection; enforcement of terms and conditions of lease; tenant selection and lease termination for lease violations.
The Owner can collect the amount of security deposit he collects from open market tenants.
Participant BenefitsThe programs has been successful because it provides the Participant with the opportunity to choose the type of rental unit and neighborhood that will meet their family's needs. Unlike project-based assisted housing (where the family must move into a specific unit in order to receive rental assistance) families can take their housing assistance with them when they move. This flexibility has enabled many participants to pursue employment and educational opportunities, reunite with friends and family, move out of unsafe situations and into safer neighborhoods. Owner participation is essential in making these opportunities a reality.