is Rent Reasonable?
Rent Reasonable is a
service for housing authorities to perform comparative analysis for
designated subject properties to assure:
1) A fair rent is
paid for units selected for participation on the Section 8 program, and
2) The program does
not have the effect of inflating rents in the community.
is it needed?
U.S. Department of Housing & Urban Development implemented Indicator #2:
Rent Reasonableness under the SEMAP requirements. Each Housing Authority
with a Section 8 Voucher Program must certify annually they have complied
with all indicators under SEMAP, including Indicator #2.
Rent Reasonable comply with SEMAP,
exceeds the requirements of HUD's recommendations under SEMAP by
utilizing a long standing HUD-Multi-family notice 00-12 issued to
provide guidance for licensed real estate appraisers for rent
comparability with the portfolio of Multi-family units. This
system has a proven approach and is one that landlords in the
Section 8 Voucher program will understand when presented with over
Link Directly to the Notice
00-12 Procedures for Preparing, Submitting and Reviewing Rent
Link Directly to SEMAP CFR.
to get the Rent Reasonable service.
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