Section 8 Housing: Affordable Homes for Low-Income Families

What Is Section 8 Housing?

If you're from a low-income household and need help with rent, Section 8 might be an option. It can also assist with homeownership through a voucher program if certain criteria are met. Here's a breakdown of how Section 8 works and how it could help you buy a house.

What Is Section 8 Housing?

Section 8 provides low-income, disabled, or elderly individuals with affordable housing through the Housing Choice Voucher program. Administered by local public housing agencies and funded by HUD, eligible families receive vouchers that cover up to 70% of their rent, while they contribute 30% of their monthly adjusted income.

Section 8 vs. HUD

Unlike HUD housing, which is government-owned, Section 8 allows participants to rent privately owned homes as long as they meet HUD's Housing Quality Standards (HQS).

Buying A House With Section 8

You may be able to use a Housing Choice Voucher to buy a home, but you must be a first-time homeowner, take housing counseling, and meet income requirements. If your local public housing agency offers this program, it could help cover a portion of your mortgage.

Pros and Cons of Buying a Home Through Section 8

Pros:

• Low housing costs

• Access to more properties

• Assistance through the home-buying process Cons:

• Voucher expiration (10–15 years)

• Long waiting periods

Eligibility Requirements

To qualify for Section 8, your income must be below 50% of your area’s median income, with preference given to those earning below 30%. You’ll also need to provide information about your citizenship, criminal history, and eviction history.

How To Apply

1. Contact your local housing authority.

2. Determine eligibility based on income and family size.

3. Complete the application online or by mail.

4. Confirm your status on the waiting list.

5. Once approved, find affordable housing that meets HUD requirements.

The Bottom Line

Section 8 offers affordable housing options and, in some cases, can be used to help buy a home. However, long waiting lists are common. If you're looking to buy a home sooner, explore other options with a home loan expert.