Landlord Incentive Program to provide $500-$1,500 per unit

By The Star Staff

In order to increase the inventory of properties available for rent under the Section 8 Program, Public Housing Administrator Alejandro Salgado Colón announced Thursday the launch of the Landlord Incentive Program, which will provide a $500 to $1,500 contribution per unit contracted.

“This new program will allow us to continue working to expand and strengthen housing opportunities for our participants and owners in the Section 8 Program,” Salgado Colón said in a written statement. “This contribution is a great opportunity for more people to list their property as part of the catalog available to our participants and thus receive an economic stimulus at a time when available inventory is limited.”

The Public Housing Administration (AVP by its Spanish initials) program will be carried out through the funds provided by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and will allow for up to three months of rent in addition to what the landlord already receives in rent money.

The Landlord Incentive Program may apply to new eligible landlords or landlords who already participate in Section 8, but who are contracting with a housing unit that has never been in the program, as well as Section 8 landlords whose properties have been vacant for 30 days or more.

The application to the program will be available starting on June 15, 2021 on the website.

The program provides a large incentive in those municipalities that are identified as eligible for individual assistance, according to the Declaration of Disaster (DR-4473-PR) for earthquakes.

Landlords participating in the AVP Section 8 Program will soon receive a letter with the access code and instructions to access the Landlord Portal. In this portal, the landlord will be able to review and update his or her bank account information, review the transaction log, review the results of the inspection of the unit, view the information of the official assigned to the case, and review and update contact information.

Also, the AVP will hold several virtual and face-to-face conversations aimed at landlords to attend to their needs and answer questions.

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