Here are some changes that will be great news for Santa Barbara owners that accept Section 8 Vouchers through the Housing Authority of the City of SB. They are doing a great job trying to work with property owners and landlords, and are making changes to their policies that will make their clients more appealing as potential renters.

The Housing Authority of the City of Santa Barbara (HACSB) has implemented some exciting changes the its locally run Section 8 Program! While all of the changes are listed in the attached Landlord Link, two of the most exciting changes are:

·        Section 8 Unit Damage Protection NEW! – reimbursement to the owner of up to $2,000.00 for unpaid unit damages, rent, and related court costs in excess of the tenant’s security deposit. The amount of this payment will be calculated using the higher of the actual security deposit amount paid -or- the equivalent of one month’s contract rent (if the owner has collected a security deposit of less than one month’s contract rent).

·        No-limit rent increases NEW! – rent increases will not be limited to a maximum amount as long as the rent increase is based on rental market data and is considered rent reasonable (equal to non-subsidized housing rents in comparable units).

For more information, visit their website: http://www.hacsb.org/cm/Home.html

Posted by: cochranepm on April 1, 2015
Posted in: Owners, SB