Income Based Rental Properties
What is an Income Based Rental Property?
Income based rental properties are properties with rent based on the renter’s income. There are several types of income based rental properties for low-income renters in Tennessee. The most common are:
- Housing Choice (Section 8) Vouchers
- Low Income Public Housing
- HUD Subsidized Project Based Section 8
- Low Income Housing Tax Credit
- USDA Housing
What are the requirements to be eligible for income based rental properties?
The general requirement to be eligible is that you are low income. Units are often set aside for particular populations, such as families with children, survivors of domestic violence, or disabled, elderly, or currently homeless. Most programs screen applicants for evictions, credit, criminal backgrounds, and rental history and require tenants to regularly report changes in household members and income. Most programs require inspections to ensure and maintain housing quality.
Each program can provide you with a list of its eligibility criteria. Some units have more than one subsidy attached to them. Talk to an attorney for help if you do not know which program rules apply in your situation.
What is the Public Housing Authority?
The Public Housing Authority (PHA) runs Housing Choice (Section 8) Vouchers, Low Income Public Housing programs, and some Project-Based Section 8 programs.
How do I contact my local PHA?
The contact information for the PHAs in West Tennessee are:
|Shelby County||(901) 353-0590|
|Union City||(731) 885-1971|