PUBLIC POLICy AND LANDLORD MAINTENANCE EFFORT IN THE SECTION 8 EXISTING RENTAL ASSISTANCE PROGRAM: EVIDENCE FROM TWO CASES1
作者:
MICHAEL A. QUINN,
期刊:
Journal of Urban Affairs
(WILEY Available online 1985)
卷期:
Volume 7,
issue 1
页码: 1-14
ISSN:0735-2166
年代: 1985
DOI:10.1111/j.1467-9906.1985.tb00072.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
This paper examines an issue with significant implications for the viability of the Section 8 Rental Assistance Program for Existing Housing: the trade‐offs between the financial costs and benefits experienced by landlords participating in the program. Using a modified experimental design, these trade‐offs are analyzed in carefully matched samples of Section 8 and market rate units managed by two rental firms operating in very different neighborhoods within the St. Louis area—one poor, predominantly black, and central city in location; the other, middle income, white and suburban. Similar patterns are found in both cases: (1) Section 8 units cost significantly more to repair and maintain than comparable market rate units; (2) Section 8 authorized rents and rent collections are significantly higher than market rate; and (3) no significant cashflow differences before debt service are observed between Section 8 and market rate properties. In other words, added maintenance costs resulting from Section 8 participation are adequately compensated for by above‐market rents, thereby enhancing program viability. Implications for housing administrators and policy makers are examined in the concluding section of th
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