The HPHA administers 1,812 Section 8 Housing Choice Voucher (HCV) program vouchers within the City of High Point. The HCV program is the federal government's major program for assisting low to moderate income households with rental subsidies to secure affordable housing in the private market. Voucher holders typically pay between 30% and 40% of their adjusted annual household income towards housing costs, and HPHA provides a subsidy that generally represents the difference between the tenant share and the gross contract rent (rent plus utilities).
The rental subsidy, called a Housing Assistance Payment (HAP), is paid directly to the landlord by the HPHA on behalf of the participating family. This payment is subject to limitations imposed by HPHA’s payment standards and rent reasonableness for comparable properties within the area. Payment standards are based upon fair market rents (FMRs) established by the United States Department of Housing and Urban Development (HUD). The family pays the difference between the actual rent charged by the landlord and the amount subsidized by the program.
Under certain circumstances, a family may use its voucher to purchase a modest home.
HPHA continues to issue vouchers from the waiting list and seek new landlords that are providing affordable housing that meets HUD’s Housing Quality Standard (HQS) inspections.
There are great benefits to landlords that participate in the Section 8 Housing Choice Voucher program:
- Long-term tenants – reduced turnover. A majority of assisted tenants remain in the same unit for a number of years. Quality affordable housing leads to a more stable rental history and reduced turnover expense.
- Extensive pool of prospective tenants. Vacancy listings on our website and NChousingsearch.org reach hundreds of renters, both assisted and unassisted.
- YOU choose your tenants. Landlords have full discretion in tenant selection within the guidelines of the Fair Housing Act.
- Timely and guaranteed subsidy payments. Housing Assistance Payments are disbursed via direct deposit into your bank account.
- Protection against tenants' loss of income. If your tenant experiences a decrease in his/her household income, the assistance increases so the tenant can afford to stay in your rental unit.
- Help maintaining your asset. Initial and annual inspections ensure property meets basic standards for quality housing.
- Personal satisfaction of providing decent, affordable housing. Quality affordable housing has been shown to have a significant positive effect on health and educational outcomes of its residents. By maintaining your property, managing it well, and making it affordable, you contribute to the well-being of our community.
The HPHA is committed to the professional administration of the Section 8 Housing Choice Voucher program and to a mutually beneficial partnership with area landlords.
Please call (336) 887-2661 for additional information.