Housing Choice Voucher Program
A Guide to Landlord Participation
Private landlords: Do you want to reduce the risk of non-payment of rent and at the same time help low-income Alaskans secure decent housing? If so, the AHFC Housing Choice Vouchers may interest you.
The Housing Choice Voucher is designed to assist eligible low-income Alaskans rent privately owned units.
The Housing Choice Voucher is available in12 communities throughout Alaska.Alaska Housing Finance Corporation's (AHFC) Public Housing Division administers the program.
How Does It Work?
AHFC maintains a housing assistance waitlist for qualified applicants. Before receiving a voucher, applicants are screened by AHFC for program and income eligibility.
Applicants search for housing in the private rental market. If the landlord agrees to accept their vouchers, participants pay approximately 30 percent of their adjusted gross income to the landlord for rent. The balance of the contract rent is paid by AHFC directly to the property owner or management firm.
Over 4,000 families participate in the Housing Choice Voucher Program statewide. More than 2,000 owners of rental property already are taking advantage of Housing Choice Vouchers, but AHFC is continually looking for additional landlord participation.
A family whose income does not exceed 50 percent of the area median income is eligible to apply with AHFC for a voucher. Specificincome limitsare set by the U.S. Department of Housing and Urban Development (HUD) and are based on family size and the community in which the rental unit is located.
AHFC maintains waitlists within each of the 11 communities based on the date and time the application is received.
Eligible Rental Properties
To rent units to voucher holders, landlords in the private rental market enter into a Housing Assistance Payment (HAP) contract with AHFC. Rental units that meet HUD housing quality standards (HQS) and rent reasonableness criteria are likely to be considered eligible rental properties. The amount of rent AHFC may subsidize is based upon the unit size, the community in which the unit is located, and the comparable market conditions.
Benefits from Your Participation
- AHFC pays rental subsidy, or HAP, directly to you.
- Risk of tenant's non-payment is reduced, since the tenant's portion of rent is adjusted according to their income.
- You set the amount of security deposit according to local practice.
- Your participation will help you fill rental vacancies.
- You will help Alaska's lower-income families secure decent housing.
- You choose your tenants.
- Screen potential tenants
- Maintain the rental unit in decent, safe and sanitary condition necessary to meet HUD housing quality standards
- Comply with terms and conditions of the lease and HAP contract
- Inform AHFC when the lease ends and/or when the tenant vacates
- Comply withallrights and responsibilities of theAlaska Landlord/Tenant Act.
- Comply with AHFC rules and regulations
- Comply with the lease
- Determine client's income eligibility
- Inform tenant of all program requirements
- By law, AHFC cannot pay any rental assistance monies for a particular unit until:
- The unit has passed HQS Inspection,
- The lease and HAP contract have been signed, and
- The tenant is living in the unit
Becoming a Housing Choice Voucher Landlord
- Fill out HAP paperwork
- Attend HQS "move-in" inspection
- Supply a copy of your rental agreement
- Cash monthly rental checks