Voucher cuts hit Chattanooga landlords - WRCBtv.com | Chattanooga News, Weather & Sports

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Voucher cuts hit Chattanooga landlords

Stan Brown, who owns and manages properties rented and available to Section 8 residents, stands inside a house Brown recently restored and upgraded for potential residents. / Jenna Walker. CTFP. Stan Brown, who owns and manages properties rented and available to Section 8 residents, stands inside a house Brown recently restored and upgraded for potential residents. / Jenna Walker. CTFP.
CHATTANOOGA -

(Times Free Press) - Within a few months, the Chattanooga Housing Authority expects to need many more landlords willing to accept hundreds of low-income families whose rent is paid or subsidized by the federal government.

But a looming 14 percent reduction in rental payments combined with a booming private rental market threatens the agency's ability to land new landlords and keep the ones it has.

Stan Brown manages or owns 10 properties that are available to tenants in the Housing Choice Vouchers program, but he says the 14 percent cut will cause him to reconsider his options for maximizing the value of his property.

 

Read more about this story from our news partners at the Chattanooga Times Free Press.

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