The process begins when an HCV participant contacts you. Advertising that you accept Section 8 or HCV tenants will help you lease your vacancies faster. You call us at (573) 443-2556 or email at firstname.lastname@example.org to have your rental unit posted on our list of available properties.
You can request a current fair market rent from your tenant. CHA will then determine if the rent is reasonable based on our assessment of fair market rents. We also must determine if the rent is affordable for our HCV 8 participant.
You may charge HCV participants one month of the contract rent amount.
There are three steps. First, the tenant will bring you two forms to complete and sign. Second, we will inspect your unit. Finally, you will sign a 12-month lease with your tenant and a contract with CHA.
If the rent is affordable for your prospective tenant, you can send us three verifiable, comparable rents for us to review.
There are currently more than 500 landlords in Boone County who are renting to our HCV participants. They range from large property management firms to landlords who only have a single rental unit.
Participating in the HCV Program allows you to earn market-rate rents using your own lease and screening criteria, and also receive full rents when tenant hardships occur. Beyond the business benefits, you gain the satisfaction of providing a home for someone of limited means and helping them move forward in their lives.
Information provided by: Columbia Housing Authority