Thursday, April 11, 2013

Will the "market rate" apartments in Marinwood Village be Section 8?


On October 27, 2012, Brad Wilban, VP of Bridge Housing answers questions concerning Section 8 Housing in Marinwood Village.  About 10 units may be Section 8 tenants who pay a portion of their rent through section 8 vouchers.  He estimates that about 5 % of Bridge Housing's portfolio are Section 8 tenants (550 tenants).  This makes sense because Bridge Housing develops almost 100% affordable housing and very little market rate. 

Tenants who pay for market rate units generally prefer to be in market rate apartment communities.

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