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Forum
-> Household Management
-> Finances
amother
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 Mon, Jun 03 2024, 9:27 am
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I don’t know if this is the right forum but section 8 opened up this morning for those that would like to apply.
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amother
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Mon, Jun 03 2024, 11:14 am
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How does it work? Do you really pay 40% of your income?
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amother
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Mon, Jun 03 2024, 11:15 am
How it Works
Section 8 pays part of the rent for low- and moderate-income families who want to rent in the private market. Eligibility for this program is based on a family’s gross annual income and family size. Generally, families pay no more than 40% of their monthly income towards their rent. NYCHA pays the rest to the property owner.
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amother
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Mon, Jun 03 2024, 11:16 am
If you are eligible you fill out the form and it works by raffle. It’s not a guarantee if you win they will call you.
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amother
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Mon, Jun 03 2024, 11:19 am
| amother OP wrote: | | If you are eligible you fill out the form and it works by raffle. It’s not a guarantee if you win they will call you. |
Thanks. Is there anyway to increase your chances? How much do you end up paying?
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amother
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Mon, Jun 03 2024, 11:20 am
| amother Daffodil wrote: | | Thanks. Is there anyway to increase your chances? How much do you end up paying? |
Not sure. I just applied today. We are a family of five bh. And we make less than $83k which I think is the cut off for a family of five.
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amother
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Mon, Jun 03 2024, 11:21 am
I’m a home owner and pay over 40% of my income for mortgage. (My rent was even more)
Welcome to nyc
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amother
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Mon, Jun 03 2024, 11:23 am
Hello? Are you familiar with the rent prices in NYC?
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amother
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Mon, Jun 03 2024, 11:24 am
| amother Yarrow wrote: | I’m a home owner and pay over 40% of my income for mortgage. (My rent was even more)
Welcome to nyc |
Hah. If I’d buy a house the mortgage would be 100% of my income! But we’re in a two bedroom basement as a family of 6..would love to get out but can’t afford to spend 40% of our income on rent when tuition is the other 60%
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amother
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Mon, Jun 03 2024, 11:27 am
| amother Blue wrote: | | Hello? Are you familiar with the rent prices in NYC? |
Yes not sure how anyone does it with tuition though. If you’re spending 40% on rent would love to know how there’s anything left over after tuition
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amother
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Mon, Jun 03 2024, 12:38 pm
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Tuition is not soo expensive in the school I send. (325 per child)
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amother
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Mon, Jun 03 2024, 9:02 pm
| amother Yarrow wrote: | | Tuition is not soo expensive in the school I send. (325 per child) |
Huh? A month? Paying more than 3x that
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amother
cornflower
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Mon, Jun 03 2024, 9:08 pm
I pay 5 xtimes that per child
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amother
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Mon, Jun 03 2024, 9:13 pm
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So if you’re a family of 5 qualifying for section 8 you’re making less than 7k a month. Let’s say 3k a month for tuition, and then 40% of your income is 2800. And this is pretax. Not sure why everyone jumped on me for asking how that’s feasible
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chestnut
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Mon, Jun 03 2024, 10:43 pm
| amother Blue wrote: | How it Works
Section 8 pays part of the rent for low- and moderate-income families who want to rent in the private market. Eligibility for this program is based on a family’s gross annual income and family size. Generally, families pay no more than 40% of their monthly income towards their rent. NYCHA pays the rest to the property owner. |
Where did you find this? I think usually families pay 30%, unless their apartment is bigger than allowable by their family size or their full rent is more than the maximum allowable for their size apt
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amother
Red
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Mon, Jun 03 2024, 11:00 pm
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Is this for all over New York State, or only nyc?
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chestnut
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Mon, Jun 03 2024, 11:03 pm
| amother Red wrote: | | Is this for all over New York State, or only nyc? |
NYC
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