For many low-income families, Section 8 vouchers can be a lifeline. The program provides rental assistance to those in need, allowing them to live in safe and affordable housing. But how much is the maximum voucher amount for a two bedroom unit in 2017? In this article, we will explore the Section 8 voucher amount for a two bedroom unit in 2017 and discuss the various factors that can affect the amount.
The Section 8 voucher program is administered by the U.S. Department of Housing and Urban Development (HUD). The program allows low-income families to rent units in the private market at a price they can afford. The amount of the voucher is determined by numerous factors, including the family's income, the area's fair market rent, and the size of the unit. In 2017, the maximum voucher amount for a two bedroom unit is $1,531 per month.
The fair market rent set by HUD each year determines the maximum voucher amount for a two bedroom unit. This rent amount is based on the cost of renting a unit in the local area. It is important to note that the fair market rent can vary from one county to another. For example, in 2017, the fair market rent for a two bedroom unit in Los Angeles County was $1,853, while the rent for a two bedroom unit in El Paso County was only $1,208.
In addition to the fair market rent, the voucher amount for a two bedroom unit also depends on the family's income. The lower the family's income, the higher the voucher amount. Families that meet certain criteria may qualify for an additional "shelter allowance," which increases their voucher amount beyond the fair market rent. This allowance is designed to cover utilities, such as water, gas, and electricity.
The amount of the voucher also depends on the size of the unit. If the family chooses to rent a larger unit, the voucher amount will increase. However, if they opt for a smaller unit, the voucher amount will decrease. It is important to note that the voucher amount will never exceed the fair market rent.
Finally, the voucher amount can be reduced if the family chooses to live in a high-cost area. If the rent for a two bedroom unit in the area exceeds the fair market rent, the voucher amount will be adjusted accordingly.
Overall, the Section 8 voucher amount for a two bedroom unit in 2017 is $1,531 per month. However, this amount can vary depending on the family's income, the fair market rent, the size of the unit, and the area's cost of living. Ultimately, the voucher amount is determined by HUD and is designed to ensure that low-income families can access safe and affordable housing.
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