Housing Choice Voucher (HCV) Owner Incentive Program
Incentive Payments Offered to Owners for New Units
Beginning June 1, 2021, Jackson Housing Authority (JHA), through CARES Act funding, is offering incentive payments to current and perspective owners to lease a new unit to qualified voucher holders. Owner incentive payments are being offered to encourage owner participation in the Housing Choice Voucher Program (HCV) and increase the supply of quality affordable housing in Madison County, TN.
- Incentive payments are available beginning June 1, 2021 and will continue until funding is exhausted.
- Incentive payments will be offered only for new move-ins in Madison County/Jackson, TN.
- A new unit is a unit that has not been leased thru the JHA HCV program within the last 30 days.
- Owners that lease a new unit to a regular voucher holder receive $500.
- Owners that lease a new unit to a Veteran (VASH) voucher holder will receive $700.
For more information about the Housing Choice Voucher program, please visit jacksonha.com/hcv-section-8/
FREQUENTLY ASKED QUESTIONS (FAQS) FOR OWNER INCENTIVE PAYMENTS
What is an Owner Incentive? JHA is offering incentive payments for new and current property owners who lease a new unit in Madison County, TN with JHA’s HCV (Section 8) program.
What is a new unit? A unit that has not been leased thru the JHA HCV program within the last 30 days.
How long will JHA be offering incentive payments to owners? Owner incentive payments will only be offered for a limited time (first come, first served basis) for new Housing Assistance Payment (HAP) contracts executed with an effective date on or after June 1, 2021.
What owners and units are eligible to receive the owner incentive payment? The incentive is for new and current owners who lease a new unit and execute a Housing Assistance Payment Contract. Owners are eligible for an incentive payment for each new unit leased to a HCV family. The lease must have at least a 1-year term and an effective date after June 1, 2021 and the owner must sign and return the HAP contract to JHA. HAP contracts with an effective date prior to June 1, 2021 are not eligible for an incentive payment.
Owners must be enrolled for Direct Deposit to receive the payment.
How much is the owner incentive payment for new leases? Owners will receive an incentive payment of $500 for new units with an executed HAP contract.
Owners that lease a new unit to a Veteran (VASH) voucher holder will receive $700
What is a New Move-Ins? New move-ins are defined as families that execute a lease and take possession of a new unit on or after June 1, 2021.
What is an Opportunity area? Opportunity areas, as defined by JHA, is a neighborhood in a low-poverty census tract with low minority concentration.
When can property owners expect the incentive payment? Incentive payments should be expected within 60 – 90 days of the signed HAP contract date and will be remitted on scheduled HCV check run following the execution of the HAP contract.
For more information, contact Steven Monroe (HCV/Section 8 Director) at email@example.com or 731-300-4593.