![]() If you have a 4 bedroom single family home in Homewood(60430), then you would find 60430 on the top half of the first page and see that the range is noted as “N”. What is the approximate amount HACC will pay based on Cook County suburb? These slight adjustments give us an idea of what we can expect on a monthly rental income basis. In this case and based on the above chart, the full amount you see on the chart may not represent the full rental amount.Īs an adjustment for utilities, we will deduct $100 for electricity, $100 for gas, and $75 for water. ![]() The chart breaks down zip codes and bedroom sizes to give you the rent that HACC would pay the landlord if the tenant had no utility responsibility like gas or electric.Ģ018 Payment Standards - Effective July 1, 2018Īs is the case in many leases, tenants will be responsible for their own utilities like gas, water, and electric. Here is a link to the 2018 Payment Standards that has been in effect since July 2018 for rental amounts. Chicago Section 8 is administered by the Chicago Housing Authority (CHA).Chicago is in Cook County but the following information does not account for the HVC program in Chicago properties.The differences between Section 8 housing programs are not large, but it is important you pair yourself up with a Property Manager or fellow investor to make sure you avoid the pitfalls of going with a Section 8 tenant for the first time. ![]() The unfortunate part is many of the ins and outs differ slightly from state to state, county to county, and then even city to city. Many people have questions about Section 8 and the ins and outs of the Housing Choice Voucher Program (HCV). ![]()
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