SECTION 8 TOLEDO
Toledo Ohio has started to come under the radar as an investment hotspot due to the quality and availability of Section 8 homes on the market. Global Investments Incorporated have signed up one of the biggest suppliers of furnished and Section 8 approved homes in Toledo and have seen a rapid increase in their sales over the last few months. “Section 8” is a common name for the Housing Choice Voucher Program, funded by the U.S. Department of Housing and Urban Development. Section 8 homes have always been the preference of overseas investors due to the security of the rent payments. Rental vouchers and rental certificates are administered locally by public housing agencies (HAs) The Section 8 program currently assists millions of families across the US. Another desirable aspect of Section 8 houses is that the rental units must meet minimum standards of health and safety, as determined by the HA. A rental subsidy is paid directly by the HA to the landlord on behalf of the participating family. The family then pays the difference between the actual rent charged by the landlord and the amount subsidised. Due to this strict criteria Section 8 houses are seen to be of a higher quality as the rigorous assessment must be passed before the property is allowed to enter the Section 8 program. Generally you will find that the properties have been recently refurbished and must adhere to required health and safety standards required by the program. Across the different Staes in the US you will often find that the demand for housing assistance often exceeds the limited resources available to HUD and the local housing agencies, long waiting periods are common. In fact in some States the HA has been know to close its waiting list due to the volume of families seeking assistance. Toledo as a city also has a very large demand for Section 8 homes and was recently voted the 2nd most affordable housing market in the US. It is also seen as a five star “logistics region” with access to Cleveland, Columbus, Dayton, Chicago and Detroit. Toledo is the fourth largest city in Ohio, but it lies at the junction of two important highways — I-75 and I-80/90 and is only an hours drive from Detroit. Toledo has a a vibrant arts and cultural scene, world class universities and cutting edge businesses all converge to make the area a great place to invest. Toledo benefits from numerous manufacturing facilities which comprise one-fifth of Toledo’s economic base. Another unique fact about Toledo is the availability of new build properties that fall under the Section 8 program. Global Investments Incorporated have some great properties in the Warren Sherman neighbourhood where some of the houses were only constructed 15 years ago.This area is known for its new housing estates and new apartment blocks. It is also ideally located just a few miles outside Downtown Toledo so it is very close to everything. While there are many viable property markets in the US, Toledo Investment Property provides investors with a steady and comprehensive value-added platform that takes advantage of Section 8 housing and the benefits it has to offer investors. Beyond all this, Toledo is a great city full of different cultures that make this such a fantastic place to invest . Owning your very own investment property in Toledo couldn’t be easier and Global Investments Incorporated have the right Investment Property ready and waiting on you.